Veeva Systems Inc. (NYSE:VEEV) President Matthew J. Wallach sold 84,000 shares of Veeva Systems stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $38.01, for a total transaction of $3,192,840.00. Following the sale, the president now owns 42,000 shares of the company’s stock, valued at approximately $1,596,420. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Veeva Systems Inc. (NYSE:VEEV) opened at 38.45 on Wednesday. The firm has a market capitalization of $5.24 billion, a P/E ratio of 103.92 and a beta of 1.58. The company’s 50-day moving average is $40.14 and its 200-day moving average is $34.71. Veeva Systems Inc. has a one year low of $19.97 and a one year high of $42.58.

Veeva Systems (NYSE:VEEV) last released its earnings results on Tuesday, August 30th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business 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 for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities analysts forecast that Veeva Systems Inc. will post $0.60 earnings per share for the current fiscal year.

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

A number of brokerages recently issued reports on VEEV. Needham & Company LLC restated a “buy” rating and set a $46.00 price objective on shares of Veeva Systems in a report on Saturday. JMP Securities began coverage on shares of Veeva Systems in a report on Thursday, October 13th. They set a “market perform” rating for the company. Canaccord Genuity restated a “buy” rating and set a $46.00 price objective (up previously from $43.00) on shares of Veeva Systems in a report on Tuesday, October 4th. Goldman Sachs Group Inc. began coverage on shares of Veeva Systems in a report on Tuesday, October 4th. They set a “neutral” rating and a $43.00 price objective for the company. Finally, Bank of America Corp. restated a “hold” rating and set a $44.00 price objective on shares of Veeva Systems in a report on Friday, September 30th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.46.

Hedge funds have recently added to or reduced their stakes in the stock. FineMark National Bank & Trust increased its stake 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 during the period. Legal & General Group Plc increased its stake 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 during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Veeva Systems by 4.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 20,681 shares of the company’s stock valued at $706,000 after buying an additional 803 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Veeva Systems by 9.6% in the second quarter. Teacher Retirement System of Texas now owns 10,218 shares of the company’s stock valued at $349,000 after buying an additional 898 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Veeva Systems by 35.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,221 shares of the company’s stock valued at $246,000 after buying an additional 1,898 shares during the period. 70.69% 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

Receive News & Stock Ratings for Veeva Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc. and related stocks with our FREE daily email newsletter.