Insider Selling: Veeva Systems Inc (VEEV) Insider Sells 1,338 Shares of Stock
Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 1,338 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $58.11, for a total transaction of $77,751.18. Following the transaction, the insider now directly owns 10,699 shares of the company’s stock, valued at approximately $621,718.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eleni Nitsa Zuppas also recently made the following trade(s):
- On Friday, October 13th, Eleni Nitsa Zuppas sold 13,000 shares of Veeva Systems stock. The shares were sold at an average price of $58.96, for a total transaction of $766,480.00.
Veeva Systems Inc (NYSE:VEEV) traded up $0.52 on Tuesday, hitting $57.77. 2,117,446 shares of the stock traded hands, compared to its average volume of 1,304,216. Veeva Systems Inc has a 52 week low of $40.50 and a 52 week high of $68.07. The firm has a market capitalization of $8,247.10, a PE ratio of 100.78, a PEG ratio of 4.87 and a beta of 1.60.
Several equities analysts have recently issued reports on VEEV shares. BidaskClub downgraded shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research note on Friday, August 25th. KeyCorp reiterated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. 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. Finally, Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $67.45.
Several institutional investors and hedge funds have recently bought and sold shares of VEEV. ETF Managers Group LLC acquired a new stake in Veeva Systems in the second quarter worth $101,000. Robeco Institutional Asset Management B.V. acquired a new stake in Veeva Systems in the second quarter worth $102,000. LS Investment Advisors LLC acquired a new stake in Veeva Systems in the second quarter worth $105,000. C M Bidwell & Associates Ltd. grew its holdings in Veeva Systems by 460.0% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,300 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in Veeva Systems by 77.2% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,286 shares during the period. Institutional investors own 72.38% of the company’s stock.
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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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