Veeva Systems Inc (NYSE:VEEV) Director Gordon Ritter sold 10,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $53.83, for a total value of $549,066.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gordon Ritter also recently made the following trade(s):

  • On Monday, May 15th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.25, for a total value of $291,975.00.
  • On Tuesday, May 16th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $58.29, for a total value of $594,558.00.
  • On Friday, April 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $53.43, for a total value of $544,986.00.
  • On Thursday, April 13th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $50.69, for a total value of $517,038.00.
  • On Wednesday, March 29th, Gordon Ritter sold 13,600 shares of Veeva Systems stock. The shares were sold at an average price of $50.75, for a total value of $690,200.00.
  • On Tuesday, March 14th, Gordon Ritter sold 6,800 shares of Veeva Systems stock. The shares were sold at an average price of $46.13, for a total value of $313,684.00.

Veeva Systems Inc (NYSE:VEEV) traded up 2.20% during trading on Friday, reaching $60.85. 582,845 shares of the company’s stock traded hands. Veeva Systems Inc has a 12 month low of $28.14 and a 12 month high of $61.16. The firm has a 50 day moving average price of $53.29 and a 200-day moving average price of $45.99. The firm has a market cap of $8.44 billion, a PE ratio of 129.47 and a beta of 1.67.

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

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Large investors have recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the technology company’s stock valued at $115,000 after buying an additional 1,421 shares during the period. FineMark National Bank & Trust boosted its stake in shares of Veeva Systems by 0.3% in the third quarter. FineMark National Bank & Trust now owns 3,068 shares of the technology company’s stock valued at $127,000 after buying an additional 8 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Veeva Systems by 135.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,809 shares of the technology company’s stock valued at $195,000 after buying an additional 2,192 shares during the period. Comerica Bank acquired a new stake in shares of Veeva Systems during the first quarter valued at approximately $204,000. Finally, Riverhead Capital Management LLC acquired a new stake in shares of Veeva Systems during the third quarter valued at approximately $215,000. 66.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. Needham & Company LLC increased their price objective on Veeva Systems from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, March 1st. Stifel Nicolaus increased their price objective on Veeva Systems to $50.00 in a research report on Wednesday, March 1st. Finally, Zacks Investment Research downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.50.

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.

5 Day Chart for NYSE:VEEV

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