Veeva Systems (NYSE:VEEV) Shares Gap Down – Here’s Why

Veeva Systems Inc. (NYSE:VEEV)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $229.49, but opened at $216.01. Veeva Systems shares last traded at $223.66, with a volume of 550,931 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VEEV shares. Evercore ISI lifted their price objective on shares of Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research note on Thursday, August 28th. William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Raymond James Financial restated an “outperform” rating and set a $340.00 target price (up from $310.00) on shares of Veeva Systems in a research note on Thursday, August 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $355.00 price target on shares of Veeva Systems in a research note on Friday, November 21st. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.42.

Veeva Systems Trading Down 2.9%

The company has a market cap of $36.63 billion, a P/E ratio of 43.36, a P/E/G ratio of 1.66 and a beta of 1.05. The company’s 50-day moving average price is $273.45 and its two-hundred day moving average price is $278.69.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. The business had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. As a group, analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insider Activity at Veeva Systems

In related news, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the transaction, the senior vice president directly owned 7,868 shares in the company, valued at $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 24,665 shares of company stock valued at $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

Several institutional investors and hedge funds have recently bought and sold shares of VEEV. Allworth Financial LP boosted its stake in Veeva Systems by 3.7% in the third quarter. Allworth Financial LP now owns 10,302 shares of the technology company’s stock valued at $3,069,000 after acquiring an additional 368 shares during the period. IFP Advisors Inc lifted its holdings in shares of Veeva Systems by 17.8% in the 3rd quarter. IFP Advisors Inc now owns 846 shares of the technology company’s stock worth $252,000 after purchasing an additional 128 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in Veeva Systems by 25.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 42,445 shares of the technology company’s stock valued at $12,645,000 after purchasing an additional 8,582 shares during the period. Investment Research Partners LLC acquired a new position in Veeva Systems during the 3rd quarter valued at approximately $218,000. Finally, CIBC Bancorp USA Inc. bought a new position in Veeva Systems during the 3rd quarter worth $1,658,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.