Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 5,100 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $56.85, for a total transaction of $289,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gordon Ritter also recently made the following trade(s):

  • On Wednesday, October 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.13, for a total transaction of $582,726.00.
  • On Tuesday, September 26th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $54.55, for a total transaction of $278,205.00.
  • On Wednesday, September 27th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $55.16, for a total transaction of $562,632.00.
  • On Monday, September 11th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.72, for a total transaction of $294,372.00.
  • On Tuesday, September 12th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.41, for a total transaction of $585,582.00.
  • On Wednesday, August 30th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.40, for a total transaction of $292,740.00.
  • On Thursday, August 31st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.95, for a total transaction of $591,090.00.
  • On Monday, August 7th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $62.78, for a total transaction of $320,178.00.
  • On Tuesday, August 8th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $62.91, for a total transaction of $641,682.00.
  • On Friday, July 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $63.60, for a total transaction of $648,720.00.

Shares of Veeva Systems Inc. (VEEV) traded up 1.27% on Wednesday, hitting $57.42. 1,277,433 shares of the stock were exchanged. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 73.43 and a beta of 1.62. The stock’s 50-day moving average is $57.42 and its 200-day moving average is $58.80. Veeva Systems Inc. has a 1-year low of $37.10 and a 1-year high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $166.59 million during the quarter, compared to the consensus estimate of $164.26 million. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts forecast that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Veeva Systems Inc. (VEEV) Director Sells $289,935.00 in Stock” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/11/veeva-systems-inc-veev-director-sells-289935-00-in-stock.html.

A number of equities research analysts recently commented on VEEV shares. Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective on shares of Veeva Systems in a report on Monday, July 10th. BidaskClub lowered shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Friday, August 25th. Finally, JMP Securities restated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Veeva Systems has an average rating of “Buy” and an average target price of $65.75.

Institutional investors and hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new position in Veeva Systems during the second quarter valued at about $101,000. Robeco Institutional Asset Management B.V. bought a new position in Veeva Systems during the second quarter valued at about $102,000. LS Investment Advisors LLC bought a new position in Veeva Systems during the second quarter valued at about $105,000. Huntington National Bank grew its position in Veeva Systems by 10.6% during the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after buying an additional 256 shares during the period. Finally, C M Bidwell & Associates Ltd. grew its position in Veeva Systems by 460.0% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock valued at $172,000 after buying an additional 2,300 shares during the period. Institutional investors own 71.46% of the company’s stock.

Veeva Systems Company Profile

Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

Receive News & Ratings for Veeva Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.