Inceptionr LLC Has $913,000 Position in Veeva Systems Inc. $VEEV

Inceptionr LLC cut its position in Veeva Systems Inc. (NYSE:VEEV) by 25.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,171 shares of the technology company’s stock after selling 1,074 shares during the quarter. Inceptionr LLC’s holdings in Veeva Systems were worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in Veeva Systems in the 2nd quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new position in Veeva Systems in the 2nd quarter valued at approximately $32,000. Maseco LLP bought a new position in shares of Veeva Systems during the second quarter valued at $35,000. Ameritas Advisory Services LLC acquired a new position in shares of Veeva Systems during the second quarter worth $68,000. Finally, ORG Partners LLC grew its stake in shares of Veeva Systems by 176.3% in the second quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock worth $89,000 after purchasing an additional 201 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VEEV shares. Robert W. Baird raised their target price on Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Veeva Systems in a research note on Monday. Mizuho increased their target price on shares of Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $290.00 to $330.00 in a research report on Monday, September 8th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $305.88.

Insider Buying and Selling at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $298.12, for a total value of $214,646.40. Following the completion of the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at approximately $2,345,608.16. This represents a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 24,665 shares of company stock valued at $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

Shares of VEEV opened at $240.79 on Thursday. The firm has a market cap of $39.47 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The business’s 50 day moving average price is $285.60 and its two-hundred day moving average price is $278.86.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company had revenue of $811.24 million during the quarter, compared to analyst estimates of $792.37 million. During the same quarter in the previous year, the business posted $1.75 EPS. Veeva Systems’s revenue for the quarter was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. Research analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

About Veeva Systems

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.