Generali Asset Management SPA SGR Sells 9,357 Shares of Veeva Systems Inc. $VEEV

Generali Asset Management SPA SGR reduced its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 61.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,796 shares of the technology company’s stock after selling 9,357 shares during the period. Generali Asset Management SPA SGR’s holdings in Veeva Systems were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new position in Veeva Systems during the 1st quarter worth $25,000. ORG Partners LLC acquired a new position in shares of Veeva Systems in the first quarter valued at about $26,000. Trust Co. of Toledo NA OH bought a new position in Veeva Systems during the second quarter worth about $29,000. Golden State Wealth Management LLC raised its stake in Veeva Systems by 152.9% in the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Veeva Systems in the 1st quarter worth about $32,000. 88.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Veeva Systems news, SVP Jonathan Faddis sold 14,595 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the sale, the senior vice president owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. The trade was a 62.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the transaction, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 in the last three months. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Performance

Shares of VEEV opened at $283.96 on Friday. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The firm has a market cap of $46.54 billion, a price-to-earnings ratio of 58.31, a PEG ratio of 2.26 and a beta of 0.98. The business’s fifty day moving average is $283.44 and its 200-day moving average is $266.73.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.64). The business had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $1.62 earnings per share. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. As a group, research analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on VEEV shares. Piper Sandler raised their target price on shares of Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. KeyCorp increased their price target on Veeva Systems from $285.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $340.00 price objective (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Morgan Stanley upped their target price on Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research report on Thursday, August 28th. Finally, Citigroup raised their price target on Veeva Systems from $329.00 to $349.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and an average price target of $307.58.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.