Veeva Systems Inc. (NYSE:VEEV) SVP Frederic Lequient sold 1,775 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $58.75, for a total transaction of $104,281.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Veeva Systems Inc. (NYSE VEEV) traded down 1.56% on Friday, hitting $56.96. 1,355,057 shares of the stock traded hands. The firm’s 50-day moving average is $62.01 and its 200 day moving average is $56.97. The firm has a market cap of $7.97 billion, a P/E ratio of 72.84 and a beta of 1.65. Veeva Systems Inc. has a 12-month low of $36.55 and a 12-month high of $68.07.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $166.59 million during the quarter, compared to analyst estimates of $164.26 million. Veeva Systems had a net margin of 18.98% and a return on equity of 13.31%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Equities research analysts forecast that Veeva Systems Inc. will post $0.87 EPS for the current fiscal year.

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VEEV has been the topic of a number of recent analyst reports. 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. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price objective (up from $48.00) on shares of Veeva Systems in a research report on Friday, May 26th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research report on Monday, July 10th. Finally, Citigroup Inc. increased their price objective on shares of Veeva Systems from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Veeva Systems currently has an average rating of “Buy” and a consensus target price of $64.77.

Several large investors have recently modified their holdings of the stock. Achmea Investment Management B.V. bought a new stake in shares of Veeva Systems in the second quarter worth $476,000. Navellier & Associates Inc increased its stake in shares of Veeva Systems by 4.1% in the second quarter. Navellier & Associates Inc now owns 115,578 shares of the technology company’s stock worth $7,086,000 after buying an additional 4,512 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Veeva Systems in the second quarter worth $825,000. Public Employees Retirement System of Ohio increased its stake in shares of Veeva Systems by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 100,659 shares of the technology company’s stock worth $6,171,000 after buying an additional 4,809 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Veeva Systems in the second quarter worth $408,000. Institutional investors and hedge funds own 71.51% of the company’s stock.

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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