Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 603 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $149.36, for a total transaction of $90,064.08. Following the completion of the transaction, the executive vice president now directly owns 17,722 shares of the company’s stock, valued at approximately $2,646,957.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Alan Mateo also recently made the following trade(s):

  • On Thursday, January 2nd, Alan Mateo sold 4,027 shares of Veeva Systems stock. The shares were sold at an average price of $142.17, for a total transaction of $572,518.59.
  • On Monday, December 2nd, Alan Mateo sold 4,026 shares of Veeva Systems stock. The shares were sold at an average price of $148.87, for a total transaction of $599,350.62.
  • On Friday, November 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The shares were sold at an average price of $142.51, for a total transaction of $573,745.26.
  • On Tuesday, October 22nd, Alan Mateo sold 890 shares of Veeva Systems stock. The shares were sold at an average price of $146.79, for a total transaction of $130,643.10.

NYSE:VEEV opened at $144.43 on Thursday. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $21.96 billion, a price-to-earnings ratio of 116.48, a PEG ratio of 4.11 and a beta of 1.17. The firm has a fifty day simple moving average of $144.22 and a two-hundred day simple moving average of $153.19. Veeva Systems Inc has a 12 month low of $100.59 and a 12 month high of $176.90.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $280.90 million during the quarter, compared to analysts’ expectations of $274.81 million. Veeva Systems had a net margin of 29.86% and a return on equity of 17.56%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. Equities analysts predict that Veeva Systems Inc will post 1.64 earnings per share for the current fiscal year.

Several brokerages recently commented on VEEV. Evercore ISI reissued a “hold” rating and issued a $170.00 price objective on shares of Veeva Systems in a research note on Thursday, November 28th. Barclays upped their price target on shares of Veeva Systems from $165.00 to $176.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Deutsche Bank decreased their price target on shares of Veeva Systems from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and issued a $187.00 price target on shares of Veeva Systems in a research report on Monday, November 25th. Finally, SunTrust Banks set a $180.00 price target on shares of Veeva Systems and gave the company a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $174.28.

A number of large investors have recently bought and sold shares of VEEV. Lenox Wealth Advisors LLC acquired a new stake in Veeva Systems in the fourth quarter worth $25,000. Endurance Wealth Management Inc. acquired a new stake in Veeva Systems in the third quarter worth $27,000. Allred Capital Management LLC acquired a new stake in Veeva Systems in the fourth quarter worth $33,000. Venturi Wealth Management LLC acquired a new stake in Veeva Systems in the third quarter worth $35,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Veeva Systems in the third quarter worth $43,000. Institutional investors and hedge funds own 77.42% of the company’s stock.

About Veeva Systems

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

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