Veeva Systems Inc (NYSE:VEEV) SVP Frederic Lequient sold 2,875 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $57.32, for a total value of $164,795.00. Following the completion of the sale, the senior vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $194,830.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Frederic Lequient also recently made the following trade(s):

  • On Wednesday, September 6th, Frederic Lequient sold 1,775 shares of Veeva Systems stock. The stock was sold at an average price of $58.75, for a total value of $104,281.25.

Veeva Systems Inc (NYSE VEEV) traded up $0.52 during trading hours 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 stock has a market capitalization of $8,247.10, a price-to-earnings ratio of 100.78, a PEG ratio of 4.87 and a beta of 1.60. Veeva Systems Inc has a 52-week low of $40.50 and a 52-week high of $68.07.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $176.10 million during the quarter, compared to analyst estimates of $171.99 million. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. sell-side analysts forecast that Veeva Systems Inc will post 0.65 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Zacks Investment Research lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a research note on Friday, October 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. Finally, JMP Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Saturday, August 26th. Five research 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 company. Veeva Systems presently has a consensus rating of “Buy” and an average target price of $67.45.

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in shares of Veeva Systems by 28.3% during the third quarter. GSA Capital Partners LLP now owns 19,500 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 4,300 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Veeva Systems during the third quarter valued at approximately $630,000. ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Veeva Systems during the third quarter valued at approximately $344,000. Neuberger Berman Group LLC purchased a new stake in shares of Veeva Systems during the third quarter valued at approximately $13,164,000. Finally, California Public Employees Retirement System boosted its stake in shares of Veeva Systems by 8.3% during the third quarter. California Public Employees Retirement System now owns 214,929 shares of the technology company’s stock valued at $12,124,000 after purchasing an additional 16,429 shares during the period. 72.38% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/05/veeva-systems-inc-veev-svp-frederic-lequient-sells-2875-shares.html.

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)

Receive News & Ratings for Veeva Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.