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.

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

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