Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 913 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $59.14, for a total transaction of $53,994.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alan Mateo also recently made the following trade(s):

  • On Tuesday, September 5th, Alan Mateo sold 528 shares of Veeva Systems stock. The stock was sold at an average price of $58.74, for a total transaction of $31,014.72.
  • On Monday, August 14th, Alan Mateo sold 8,025 shares of Veeva Systems stock. The stock was sold at an average price of $62.89, for a total transaction of $504,692.25.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 1.59% during midday trading on Tuesday, hitting $59.58. 1,054,563 shares of the company traded hands. Veeva Systems Inc. has a 12-month low of $37.34 and a 12-month high of $68.07. The stock’s 50-day moving average is $57.16 and its 200 day moving average is $58.97. The stock has a market capitalization of $8.38 billion, a P/E ratio of 76.19 and a beta of 1.63.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. On average, analysts expect that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

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A number of analysts recently weighed in on VEEV shares. BidaskClub upgraded shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 27th. JMP Securities restated a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a report on Saturday, August 26th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a report on Friday, August 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlueMountain Capital Management LLC acquired a new position in shares of Veeva Systems in the second quarter valued at approximately $2,497,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Veeva Systems by 62.7% in the second quarter. Oppenheimer & Co. Inc. now owns 14,214 shares of the technology company’s stock valued at $871,000 after buying an additional 5,478 shares during the period. Rhumbline Advisers boosted its holdings in shares of Veeva Systems by 9.2% in the second quarter. Rhumbline Advisers now owns 120,387 shares of the technology company’s stock valued at $7,381,000 after buying an additional 10,093 shares during the period. Advisor Group Inc. boosted its holdings in shares of Veeva Systems by 44.0% in the second quarter. Advisor Group Inc. now owns 6,785 shares of the technology company’s stock valued at $415,000 after buying an additional 2,073 shares during the period. Finally, State Street Corp boosted its holdings in shares of Veeva Systems by 4.4% in the first quarter. State Street Corp now owns 1,221,052 shares of the technology company’s stock valued at $62,616,000 after buying an additional 51,135 shares during the period. Hedge funds and other institutional investors own 71.39% 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)

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