Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 52,339 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $45.01, for a total transaction of $2,355,778.39. Following the sale, the executive vice president now directly owns 6,409 shares of the company’s stock, valued at $288,469.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, October 14th, Alan Mateo sold 657 shares of Veeva Systems stock. The shares were sold at an average price of $38.21, for a total transaction of $25,103.97.
  • On Wednesday, September 14th, Alan Mateo sold 2,716 shares of Veeva Systems stock. The shares were 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 shares were sold at an average price of $40.55, for a total transaction of $1,791,377.35.

Veeva Systems Inc. (NYSE:VEEV) opened at 47.36 on Wednesday. Veeva Systems Inc. has a 12-month low of $19.97 and a 12-month high of $47.76. The firm has a market cap of $6.42 billion, a PE ratio of 105.24 and a beta of 1.60. The stock has a 50 day moving average of $39.68 and a 200 day moving average of $37.51.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Tuesday, November 22nd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. Veeva Systems had a net margin of 12.73% and a return on equity of 12.84%. The business had revenue of $142.80 million for the quarter, compared to the consensus estimate of $135.67 million. During the same period last year, the company earned $0.12 EPS. The firm’s revenue was up 33.6% compared to the same quarter last year. On average, equities research analysts anticipate that Veeva Systems Inc. will post $0.63 EPS for the current fiscal year.

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

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A number of large investors have recently bought and sold shares of VEEV. Advisor Group Inc. increased its stake in Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the company’s stock valued at $115,000 after buying an additional 1,421 shares in the last quarter. Huntington National Bank acquired a new stake in Veeva Systems during the second quarter valued at approximately $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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Veeva Systems by 22.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the company’s stock valued at $140,000 after buying an additional 625 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Veeva Systems during the third quarter valued at approximately $156,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

VEEV has been the subject of several recent analyst reports. Citigroup Inc. upped their target price on shares of Veeva Systems from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, August 23rd. Canaccord Genuity reaffirmed a “hold” rating and issued a $43.00 target price (up previously from $35.00) on shares of Veeva Systems in a research note on Monday, August 29th. Bank of America Corp. reaffirmed a “hold” rating and issued a $44.00 target price on shares of Veeva Systems in a research note on Friday, September 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 target price on shares of Veeva Systems in a research note on Saturday, October 15th. Finally, Raymond James Financial Inc. initiated coverage on shares of Veeva Systems in a research note on Wednesday, August 24th. They issued a “market perform” rating for the company. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $44.07.

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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