Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 8,025 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $62.89, for a total transaction of $504,692.25. Following the sale, the executive vice president now directly owns 14,010 shares of the company’s stock, valued at approximately $881,088.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, July 14th, Alan Mateo sold 10,028 shares of Veeva Systems stock. The shares were sold at an average price of $63.34, for a total transaction of $635,173.52.
  • On Wednesday, June 14th, Alan Mateo sold 8,025 shares of Veeva Systems stock. The shares were sold at an average price of $59.75, for a total transaction of $479,493.75.
  • On Friday, June 2nd, Alan Mateo sold 1,181 shares of Veeva Systems stock. The shares were sold at an average price of $65.06, for a total transaction of $76,835.86.

Veeva Systems Inc. (NYSE:VEEV) traded down 0.60% during midday trading on Thursday, reaching $63.39. 1,248,991 shares of the company’s stock were exchanged. Veeva Systems Inc. has a 12-month low of $36.55 and a 12-month high of $68.07. The stock’s 50-day moving average is $62.89 and its 200-day moving average is $55.14. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 102.08 and a beta of 1.63.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, May 25th. The technology company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.04. Veeva Systems had a return on equity of 12.28% and a net margin of 15.86%. The company had revenue of $157.90 million for the quarter, compared to analyst estimates of $151.82 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 31.8% compared to the same quarter last year. On average, equities analysts forecast that Veeva Systems Inc. will post $0.83 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Veeva Systems by 3.3% in the second quarter. Vanguard Group Inc. now owns 9,125,993 shares of the technology company’s stock worth $559,515,000 after buying an additional 290,865 shares during the period. Morgan Stanley boosted its position in Veeva Systems by 113.2% in the first quarter. Morgan Stanley now owns 8,439,930 shares of the technology company’s stock worth $432,800,000 after buying an additional 4,482,021 shares during the period. Brown Capital Management LLC boosted its position in Veeva Systems by 3.4% in the first quarter. Brown Capital Management LLC now owns 7,423,513 shares of the technology company’s stock worth $380,678,000 after buying an additional 246,816 shares during the period. BlackRock Inc. boosted its position in Veeva Systems by 44.9% in the second quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock worth $356,379,000 after buying an additional 1,801,439 shares during the period. Finally, Wellington Management Group LLP boosted its position in Veeva Systems by 22.8% in the first quarter. Wellington Management Group LLP now owns 4,858,775 shares of the technology company’s stock worth $249,158,000 after buying an additional 902,330 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on VEEV shares. Morgan Stanley downgraded shares of Veeva Systems from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $53.00 to $68.00 in a research report on Monday, June 5th. They noted that the move was a valuation call. Bank of America Corporation raised shares of Veeva Systems from a “neutral” rating to a “buy” rating and raised their price target for the company from $48.00 to $70.00 in a research report on Friday, May 26th. Deutsche Bank AG reissued a “hold” rating and set a $55.00 price target on shares of Veeva Systems in a research report on Tuesday, May 30th. BidaskClub downgraded shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research downgraded shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $62.00.

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.

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

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