Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 9,600 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $61.03, for a total value of $585,888.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, October 18th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $59.16, for a total value of $301,716.00.
  • On Tuesday, October 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $56.85, for a total value of $289,935.00.
  • On Wednesday, October 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $57.13, for a total value of $582,726.00.
  • On Tuesday, September 26th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $54.55, for a total value of $278,205.00.
  • On Wednesday, September 27th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $55.16, for a total value of $562,632.00.
  • On Monday, September 11th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.72, for a total value of $294,372.00.
  • On Tuesday, September 12th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were 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 shares were 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 shares were sold at an average price of $57.95, for a total value of $591,090.00.
  • On Tuesday, August 8th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $62.91, for a total value of $641,682.00.

Veeva Systems Inc. (NYSE:VEEV) traded down $0.26 during trading on Monday, hitting $61.36. 686,660 shares of the stock traded hands, compared to its average volume of 1,147,805. Veeva Systems Inc. has a fifty-two week low of $37.34 and a fifty-two week high of $68.07. The stock has a market cap of $8,546.69, a PE ratio of 104.44, a P/E/G ratio of 5.05 and a beta of 1.64.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The business had revenue of $166.59 million for the quarter, compared to analysts’ expectations of $164.26 million. During the same period in the previous year, the company posted $0.15 EPS. Veeva Systems’s revenue was up 26.8% on a year-over-year basis. research analysts expect that Veeva Systems Inc. will post 0.65 EPS for the current year.

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Several institutional investors have recently bought and sold shares of VEEV. ETF Managers Group LLC purchased a new position in shares of Veeva Systems during the 2nd quarter valued at $101,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Veeva Systems during the 2nd quarter valued at $102,000. LS Investment Advisors LLC purchased a new position in shares of Veeva Systems during the 2nd quarter valued at $105,000. Huntington National Bank grew its holdings in shares of Veeva Systems by 10.6% during the 2nd quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after acquiring an additional 256 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. grew its holdings in shares of Veeva Systems by 460.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock valued at $172,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Several research firms have issued reports on VEEV. JMP Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a report on Saturday, August 26th. Zacks Investment Research cut Veeva Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price objective on shares of Veeva Systems in a research report on Friday, October 13th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.75.

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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