Veeva Systems Inc. (VEEV) President Sells $1,463,520.00 in Stock
Veeva Systems Inc. (NYSE:VEEV) President Matthew J. Wallach sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.98, for a total value of $1,463,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Veeva Systems Inc. (VEEV) opened at $61.13 on Friday. Veeva Systems Inc. has a 1-year low of $40.50 and a 1-year high of $68.07. The firm has a market cap of $8,600.00, a P/E ratio of 103.03, a P/E/G ratio of 4.98 and a beta of 1.64.
Veeva Systems (NYSE:VEEV) last announced its earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating 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 12.77%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. analysts forecast that Veeva Systems Inc. will post 0.65 EPS for the current year.
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A number of analysts have recently commented on VEEV shares. BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a research report on Friday, August 25th. JMP Securities reissued a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a research report on Saturday, August 26th. Zacks Investment Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, KeyCorp restated a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.75.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Americafirst Capital Management LLC purchased a new stake in Veeva Systems during the 3rd quarter valued at $630,000. ICICI Prudential Asset Management Co Ltd purchased a new stake in Veeva Systems during the 3rd quarter valued at $344,000. Neuberger Berman Group LLC purchased a new stake in Veeva Systems during the 3rd quarter valued at $13,164,000. California Public Employees Retirement System raised its stake in Veeva Systems by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 214,929 shares of the technology company’s stock valued at $12,124,000 after buying an additional 16,429 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Veeva Systems by 6.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 99,094 shares of the technology company’s stock valued at $5,590,000 after buying an additional 6,052 shares during the last quarter. Institutional investors and hedge funds own 71.39% of the company’s stock.
Veeva Systems Company Profile
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.
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