Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 5,100 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $57.72, for a total value of $294,372.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, September 12th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.41, for a total value of $585,582.00.
  • On Wednesday, August 30th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.40, for a total value of $292,740.00.
  • On Thursday, August 31st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.95, for a total value of $591,090.00.
  • On Monday, August 7th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $62.78, for a total value of $320,178.00.
  • On Tuesday, August 8th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $62.91, for a total value of $641,682.00.
  • On Friday, July 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $63.60, for a total value of $648,720.00.
  • On Monday, July 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $62.06, for a total value of $316,506.00.
  • On Tuesday, July 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $62.03, for a total value of $632,706.00.
  • On Friday, June 30th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $61.51, for a total value of $627,402.00.
  • On Thursday, June 15th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $59.35, for a total value of $605,370.00.

Shares of Veeva Systems Inc. (VEEV) opened at 55.74 on Friday. The company’s 50 day moving average price is $60.77 and its 200-day moving average price is $57.43. Veeva Systems Inc. has a 1-year low of $36.55 and a 1-year high of $68.07. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 71.28 and a beta of 1.65.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $166.59 million for the quarter, compared to the consensus estimate of $164.26 million. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, equities analysts forecast that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

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Several analysts have issued reports on VEEV shares. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Morgan Stanley lowered Veeva Systems from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $53.00 to $68.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Friday, August 25th. Bank of America Corporation upgraded Veeva Systems from a “neutral” rating to a “buy” rating and boosted their target price for the company from $48.00 to $70.00 in a research note on Friday, May 26th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $55.00 target price on shares of Veeva Systems in a research note on Tuesday, May 30th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $64.77.

Hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC lifted its position in Veeva Systems by 0.5% during the second quarter. QS Investors LLC now owns 3,832 shares of the technology company’s stock valued at $235,000 after purchasing an additional 19 shares in the last quarter. Alps Advisors Inc. lifted its position in Veeva Systems by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,387 shares of the technology company’s stock valued at $637,000 after purchasing an additional 27 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Veeva Systems by 2.9% during the first quarter. Teacher Retirement System of Texas now owns 7,125 shares of the technology company’s stock valued at $365,000 after purchasing an additional 204 shares in the last quarter. Creative Planning lifted its position in Veeva Systems by 1.5% during the second quarter. Creative Planning now owns 15,422 shares of the technology company’s stock valued at $946,000 after purchasing an additional 232 shares in the last quarter. Finally, Huntington National Bank lifted its position in Veeva Systems by 10.6% during the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors 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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