Veeva Systems Inc. (NYSE:VEEV) SVP Jonathan Faddis sold 500 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $40.31, for a total value of $20,155.00. Following the completion of the transaction, the senior vice president now owns 2,989 shares of the company’s stock, valued at $120,486.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jonathan Faddis also recently made the following trade(s):

  • On Wednesday, September 7th, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $40.53, for a total value of $20,265.00.
  • On Tuesday, September 6th, Jonathan Faddis sold 376 shares of Veeva Systems stock. The shares were sold at an average price of $40.50, for a total value of $15,228.00.
  • On Wednesday, August 3rd, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $37.22, for a total value of $18,610.00.

Shares of Veeva Systems Inc. (NYSE:VEEV) opened at 38.84 on Monday. The stock has a 50 day moving average price of $40.34 and a 200 day moving average price of $33.98. The stock has a market cap of $5.29 billion, a P/E ratio of 104.97 and a beta of 1.58. Veeva Systems Inc. has a 12 month low of $19.97 and a 12 month high of $42.58.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The business earned $131.30 million during the quarter, compared to analyst estimates of $126.61 million. Veeva Systems had a return on equity of 11.26% and a net margin of 11.33%. The company’s revenue was up 33.8% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. Equities analysts anticipate that Veeva Systems Inc. will post $0.60 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

Several equities analysts recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a $46.00 target price (up from $43.00) on shares of Veeva Systems in a research note on Tuesday, October 4th. Stifel Nicolaus upped their target price on Veeva Systems from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Pacific Crest set a $42.00 price target on Veeva Systems and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Needham & Company LLC restated a “buy” rating and set a $46.00 price target (up from $43.00) on shares of Veeva Systems in a research note on Friday, September 30th. Finally, KeyCorp upped their price target on Veeva Systems from $35.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 31st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Veeva Systems has a consensus rating of “Buy” and a consensus target price of $41.46.

Hedge funds have recently modified their holdings of the company. Pembroke Management LTD acquired a new stake in shares of Veeva Systems during the second quarter valued at approximately $6,714,000. IBM Retirement Fund acquired a new stake in shares of Veeva Systems during the second quarter valued at approximately $331,000. First Republic Investment Management Inc. boosted its stake in shares of Veeva Systems by 54.0% in the first quarter. First Republic Investment Management Inc. now owns 43,730 shares of the company’s stock valued at $1,095,000 after buying an additional 15,335 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Veeva Systems during the first quarter valued at approximately $982,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Veeva Systems by 48.6% in the first quarter. Envestnet Asset Management Inc. now owns 46,029 shares of the company’s stock valued at $1,153,000 after buying an additional 15,050 shares during the period. 70.67% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:VEEV

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