Insider Selling: Veeva Systems Inc (VEEV) EVP Sells 701 Shares of Stock

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 701 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $58.85, for a total value of $41,253.85. Following the transaction, the executive vice president now owns 9,512 shares in the company, valued at $559,781.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, December 4th, Alan Mateo sold 532 shares of Veeva Systems stock. The shares were sold at an average price of $58.11, for a total transaction of $30,914.52.

Veeva Systems Inc (NYSE VEEV) traded up $0.62 during mid-day trading on Wednesday, hitting $57.13. 767,181 shares of the stock traded hands, compared to its average volume of 1,230,000. The stock has a market cap of $8,070.00, a price-to-earnings ratio of 62.78, a PEG ratio of 4.74 and a beta of 1.60. Veeva Systems Inc has a 1 year low of $41.30 and a 1 year high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. The company had revenue of $176.10 million for the quarter, compared to analyst estimates of $171.99 million. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. equities research analysts predict that Veeva Systems Inc will post 0.68 earnings per share for the current fiscal year.

VEEV has been the topic of several analyst reports. BidaskClub raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target on shares of Veeva Systems in a research report on Friday, October 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Veeva Systems presently has a consensus rating of “Buy” and an average price target of $67.45.

Hedge funds and other institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC purchased a new stake in Veeva Systems in the second quarter valued at approximately $101,000. C M Bidwell & Associates Ltd. raised its position 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 valued at $172,000 after purchasing an additional 2,300 shares during the period. 1st Global Advisors Inc. purchased a new stake in Veeva Systems in the second quarter valued at approximately $200,000. Nordea Investment Management AB purchased a new stake in Veeva Systems in the second quarter valued at approximately $208,000. Finally, Oakbrook Investments LLC purchased a new stake in Veeva Systems in the third quarter valued at approximately $203,000. 70.98% of the stock is currently owned by institutional investors.

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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)

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