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.
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.
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.
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