Veeva Systems Inc (NYSE:VEEV) SVP Jonathan Faddis sold 3,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $101.48, for a total value of $304,440.00. Following the sale, the senior vice president now owns 5,211 shares in the company, valued at approximately $528,812.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Faddis also recently made the following trade(s):

  • On Monday, June 4th, Jonathan Faddis sold 612 shares of Veeva Systems stock. The stock was sold at an average price of $79.50, for a total value of $48,654.00.

Shares of VEEV opened at $103.40 on Friday. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 126.82, a P/E/G ratio of 4.85 and a beta of 1.38. Veeva Systems Inc has a 12 month low of $52.17 and a 12 month high of $104.54.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Thursday, August 23rd. The technology company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The company had revenue of $209.60 million for the quarter, compared to analysts’ expectations of $203.50 million. Veeva Systems had a return on equity of 14.20% and a net margin of 21.23%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. sell-side analysts expect that Veeva Systems Inc will post 1.1 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors Inc. boosted its position in shares of Veeva Systems by 2.8% in the first quarter. Wasatch Advisors Inc. now owns 35,582 shares of the technology company’s stock valued at $2,598,000 after acquiring an additional 967 shares during the period. FDx Advisors Inc. boosted its position in shares of Veeva Systems by 37.8% in the first quarter. FDx Advisors Inc. now owns 9,266 shares of the technology company’s stock valued at $677,000 after acquiring an additional 2,542 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Veeva Systems by 26.2% in the first quarter. Daiwa Securities Group Inc. now owns 3,975 shares of the technology company’s stock valued at $290,000 after acquiring an additional 825 shares during the period. Mirador Capital Partners LP boosted its position in shares of Veeva Systems by 19.7% in the first quarter. Mirador Capital Partners LP now owns 5,688 shares of the technology company’s stock valued at $399,000 after acquiring an additional 938 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Veeva Systems by 15.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,335 shares of the technology company’s stock valued at $609,000 after acquiring an additional 1,114 shares during the period. Institutional investors own 76.02% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a report on Wednesday. ValuEngine upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank lifted their target price on Veeva Systems from $70.00 to $85.00 and gave the company a “hold” rating in a report on Friday, August 24th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up previously from $90.00) on shares of Veeva Systems in a report on Friday, August 24th. Finally, KeyCorp lifted their target price on Veeva Systems from $84.00 to $99.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Veeva Systems presently has an average rating of “Buy” and a consensus price target of $94.29.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

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