Veeva Systems Inc. (VEEV) Insider Eleni Nitsa Zuppas Sells 13,000 Shares
Veeva Systems Inc. (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 13,000 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $58.96, for a total transaction of $766,480.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Eleni Nitsa Zuppas also recently made the following trade(s):
- On Tuesday, September 5th, Eleni Nitsa Zuppas sold 1,329 shares of Veeva Systems stock. The shares were sold at an average price of $58.74, for a total transaction of $78,065.46.
Shares of Veeva Systems Inc. (VEEV) traded up 1.59% during trading on Tuesday, reaching $59.58. 1,054,563 shares of the company were exchanged. Veeva Systems Inc. has a 52-week low of $37.34 and a 52-week high of $68.07. The stock’s 50-day moving average is $57.16 and its 200-day moving average is $58.97. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 76.19 and a beta of 1.63.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The firm had revenue of $166.59 million during the quarter, compared to the consensus estimate of $164.26 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. Equities research analysts predict that Veeva Systems Inc. will post $0.87 earnings per share for the current fiscal year.
A number of research firms recently commented on VEEV. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, October 11th. BidaskClub cut shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Stifel Nicolaus restated a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research report on Friday. Needham & Company LLC restated a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Finally, Canaccord Genuity restated a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $65.75.
Several large investors have recently bought and sold shares of VEEV. BlackRock Inc. increased its position in shares of Veeva Systems by 24,931.6% during the first quarter. BlackRock Inc. now owns 4,011,310 shares of the technology company’s stock worth $205,701,000 after acquiring an additional 3,995,285 shares in the last quarter. FMR LLC increased its position in shares of Veeva Systems by 398.1% during the first quarter. FMR LLC now owns 2,290,030 shares of the technology company’s stock worth $117,433,000 after acquiring an additional 1,830,270 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Veeva Systems by 16.9% during the first quarter. Vanguard Group Inc. now owns 8,835,128 shares of the technology company’s stock worth $453,066,000 after acquiring an additional 1,276,901 shares in the last quarter. State Street Corp increased its position in shares of Veeva Systems by 52.1% during the second quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock worth $113,851,000 after acquiring an additional 635,842 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Veeva Systems during the second quarter worth about $408,000. 71.39% of the stock is owned by institutional investors.
About Veeva Systems
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.
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