Veeva Systems Inc. (NYSE:VEEV) SVP Jonathan Faddis sold 65,000 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $46.31, for a total transaction of $3,010,150.00. Following the completion of the sale, the senior vice president now owns 67,489 shares of the company’s stock, valued at $3,125,415.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, November 2nd, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $38.27, for a total transaction of $19,135.00.
  • On Wednesday, October 5th, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $40.31, for a total transaction of $20,155.00.
  • 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 transaction 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 transaction of $15,228.00.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded down 1.86% during midday trading on Wednesday, reaching $46.48. 1,224,994 shares of the company’s stock were exchanged. Veeva Systems Inc. has a 12 month low of $19.97 and a 12 month high of $47.95. The company’s 50 day moving average is $39.92 and its 200-day moving average is $37.66. The stock has a market cap of $6.30 billion, a PE ratio of 103.29 and a beta of 1.60.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ 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 earned $142.80 million during the quarter, compared to analysts’ expectations of $135.67 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. Veeva Systems’s revenue was up 33.6% compared to the same quarter last year. Equities analysts forecast 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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Large investors have recently bought and sold shares of the company. Huntington National Bank purchased a new stake in Veeva Systems during the second quarter valued at $101,000. FineMark National Bank & Trust boosted 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. Advisor Group Inc. boosted 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. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 purchased a new stake in Veeva Systems during the third quarter valued at $156,000. 69.20% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $46.00 target price on shares of Veeva Systems in a research note on Saturday. Evercore ISI reiterated a “buy” rating and set a $47.00 target price (up from $45.00) on shares of Veeva Systems in a research note on Saturday. JMP Securities reiterated a “hold” rating on shares of Veeva Systems in a research note on Thursday, November 24th. Finally, KeyCorp boosted their price target on shares of Veeva Systems from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, November 23rd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.07.

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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