Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 532 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $58.11, for a total value of $30,914.52. Following the sale, the executive vice president now directly owns 8,294 shares of the company’s stock, valued at $481,964.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, October 16th, Alan Mateo sold 913 shares of Veeva Systems stock. The stock was sold at an average price of $59.14, for a total value of $53,994.82.

Shares of Veeva Systems Inc (VEEV) traded up $0.52 during trading on Tuesday, hitting $57.77. The stock had a trading volume of 2,117,446 shares, compared to its average volume of 1,304,216. 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. Veeva Systems Inc has a 1-year low of $40.50 and a 1-year high of $68.07.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The business had revenue of $176.10 million during the quarter, compared to analysts’ expectations of $171.99 million. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. Veeva Systems’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. equities analysts forecast that Veeva Systems Inc will post 0.65 EPS for the current year.

Several equities research analysts have recently weighed in on VEEV shares. BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. KeyCorp reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. Zacks Investment Research raised Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.45.

Institutional investors have recently modified their holdings of the company. ETF Managers Group LLC acquired a new stake in shares of Veeva Systems in the second quarter worth $101,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Veeva Systems in the second quarter worth $102,000. LS Investment Advisors LLC acquired a new stake in shares of Veeva Systems in the second quarter worth $105,000. C M Bidwell & Associates Ltd. boosted its position in shares of 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 buying an additional 2,300 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of 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 buying an additional 1,286 shares during the period. 72.38% of the stock is owned by institutional investors and hedge funds.

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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.

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

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