Veeva Systems Inc (VEEV) EVP Sells $41,253.85 in Stock

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 701 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $58.85, for a total value of $41,253.85. Following the completion of the sale, the executive vice president now owns 9,512 shares in the company, valued at approximately $559,781.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $58.11, for a total value of $30,914.52.

Shares of Veeva Systems Inc (VEEV) traded up $1.00 during mid-day trading on Friday, reaching $58.53. The company’s stock had a trading volume of 571,816 shares, compared to its average volume of 641,262. The stock has a market capitalization of $8,131.46, a P/E ratio of 68.06, a P/E/G ratio of 4.67 and a beta of 1.60. Veeva Systems Inc has a 52 week low of $41.30 and a 52 week high of $68.07.

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

Several institutional investors have recently made changes to their positions in the business. QS Investors LLC raised its holdings in shares of Veeva Systems by 0.5% during the second quarter. QS Investors LLC now owns 3,832 shares of the technology company’s stock valued at $235,000 after acquiring an additional 19 shares during the last quarter. Comerica Bank raised its holdings in shares of Veeva Systems by 14.0% during the second quarter. Comerica Bank now owns 4,339 shares of the technology company’s stock valued at $285,000 after acquiring an additional 534 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Veeva Systems by 2.6% during the third quarter. Great West Life Assurance Co. Can now owns 34,106 shares of the technology company’s stock valued at $1,922,000 after acquiring an additional 865 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Veeva Systems by 26.8% during the third quarter. Flagship Harbor Advisors LLC now owns 4,226 shares of the technology company’s stock valued at $248,000 after acquiring an additional 893 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Veeva Systems by 21.7% during the second quarter. The Manufacturers Life Insurance Company now owns 5,131 shares of the technology company’s stock valued at $315,000 after acquiring an additional 914 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on VEEV shares. Canaccord Genuity reiterated 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 downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Stifel Nicolaus reiterated 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 reiterated a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Veeva Systems currently has an average rating of “Buy” and an average price target of $67.45.

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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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