Veeva Systems Inc. (VEEV) Insider Eleni Nitsa Zuppas Sells 4,868 Shares of Stock
Veeva Systems Inc. (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 4,868 shares of the stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $37.90, for a total value of $184,497.20. Following the completion of the transaction, the insider now directly owns 14,252 shares in the company, valued at approximately $540,150.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Eleni Nitsa Zuppas also recently made the following trade(s):
- On Tuesday, September 6th, Eleni Nitsa Zuppas sold 937 shares of Veeva Systems stock. The shares were sold at an average price of $40.50, for a total value of $37,948.50.
Veeva Systems Inc. (NYSE:VEEV) opened at 37.97 on Tuesday. The stock has a market capitalization of $5.17 billion, a PE ratio of 102.62 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. The company’s 50-day moving average is $40.14 and its 200 day moving average is $34.61.
Veeva Systems (NYSE:VEEV) last released its earnings results on Tuesday, August 30th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company earned $131.30 million during the quarter, compared to the consensus estimate of $126.61 million. Veeva Systems had a net margin of 11.33% and a return on equity of 11.26%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, analysts predict that Veeva Systems Inc. will post $0.60 EPS for the current year.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Stifel Nicolaus upped their price objective on shares of Veeva Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, September 30th. JMP Securities assumed coverage on shares of Veeva Systems in a research note on Thursday, October 13th. They issued a “market perform” rating for the company. Goldman Sachs Group Inc. assumed coverage on shares of Veeva Systems in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, Needham & Company LLC upped their price objective on shares of Veeva Systems from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Veeva Systems has a consensus rating of “Hold” and a consensus target price of $41.46.
Several large investors have recently added to or reduced their stakes in VEEV. Huntington National Bank bought a new stake in Veeva Systems during the second quarter valued at $101,000. FineMark National Bank & Trust increased its stake in 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 during the last quarter. DIAM Co. Ltd. bought a new stake in Veeva Systems during the second quarter valued at $170,000. Denver Investment Advisors LLC bought a new stake in Veeva Systems during the second quarter valued at $204,000. Finally, Legal & General Group Plc increased its stake in 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 during the last quarter. 70.69% of the stock is owned by institutional investors.
About Veeva Systems
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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