Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 657 shares of Veeva Systems stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $38.21, for a total transaction of $25,103.97. Following the sale, the executive vice president now directly owns 8,184 shares in the company, valued at $312,710.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, September 14th, Alan Mateo sold 2,716 shares of Veeva Systems stock. The stock was sold at an average price of $39.90, for a total transaction of $108,368.40.
  • On Tuesday, September 6th, Alan Mateo sold 44,177 shares of Veeva Systems stock. The stock was sold at an average price of $40.55, for a total transaction of $1,791,377.35.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 0.24% during mid-day trading on Monday, reaching $37.97. 591,919 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.17 billion, a P/E ratio of 102.62 and a beta of 1.58. The stock has a 50-day moving average of $40.17 and a 200 day moving average of $34.38. Veeva Systems Inc. has a one year low of $19.97 and a one year high of $42.58.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Veeva Systems had a net margin of 11.33% and a return on equity of 11.26%. The business had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $126.61 million. During the same period last year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 33.8% on a year-over-year basis. On average, analysts forecast 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)

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank acquired a new position in shares of Veeva Systems during the second quarter worth approximately $101,000. FineMark National Bank & Trust boosted its position in shares of Veeva Systems by 12.7% in the second quarter. FineMark National Bank & Trust now owns 3,060 shares of the company’s stock valued at $104,000 after buying an additional 346 shares in the last quarter. DIAM Co. Ltd. purchased a new position in shares of Veeva Systems during the second quarter valued at about $170,000. Denver Investment Advisors LLC purchased a new position in shares of Veeva Systems during the second quarter valued at about $204,000. Finally, Legal & General Group Plc boosted its position in shares of Veeva Systems by 6.8% in the second quarter. Legal & General Group Plc now owns 6,800 shares of the company’s stock valued at $232,000 after buying an additional 433 shares in the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.

VEEV has been the topic of several recent research reports. Citigroup Inc. lifted their target price on shares of Veeva Systems from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 23rd. Canaccord Genuity reiterated a “hold” rating and set a $43.00 target price (up from $35.00) on shares of Veeva Systems in a research report on Monday, August 29th. Bank of America Corp. reiterated a “hold” rating and set a $44.00 target price on shares of Veeva Systems in a research report on Friday, September 30th. Raymond James Financial Inc. began coverage on shares of Veeva Systems in a research report on Wednesday, August 24th. They set a “market perform” rating on the stock. Finally, Morgan Stanley boosted their price target on shares of Veeva Systems from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 31st. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.46.

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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