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.

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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.

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

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