Insider Selling: Veeva Systems (NYSE:VEEV) Insider Sells 36,000 Shares of Stock

Veeva Systems Inc. (NYSE:VEEV) insider Thomas Schwenger sold 36,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the sale, the insider owned 19,449 shares in the company, valued at $4,866,723.27. This trade represents a 64.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Veeva Systems Stock Performance

Veeva Systems stock traded down $5.35 during midday trading on Monday, hitting $238.40. 1,007,368 shares of the company’s stock were exchanged, compared to its average volume of 2,498,673. Veeva Systems Inc. has a 52-week low of $148.05 and a 52-week high of $310.50. The stock has a 50-day moving average price of $189.96 and a two-hundred day moving average price of $180.54. The company has a market cap of $38.73 billion, a P/E ratio of 42.50, a PEG ratio of 1.05 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.10. The firm had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 EPS. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, sell-side analysts expect that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VEEV shares. Oppenheimer raised their price objective on Veeva Systems from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Monday. Piper Sandler decreased their price target on shares of Veeva Systems from $285.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company boosted their price objective on shares of Veeva Systems from $317.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Citigroup upped their price objective on shares of Veeva Systems from $176.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

Institutional Investors Weigh In On Veeva Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empire Life Investments Inc. grew its holdings in Veeva Systems by 21.1% in the 4th quarter. Empire Life Investments Inc. now owns 37,054 shares of the technology company’s stock worth $8,272,000 after acquiring an additional 6,453 shares during the last quarter. Czech National Bank bought a new position in shares of Veeva Systems during the second quarter valued at about $7,584,000. Farther Finance Advisors LLC boosted its holdings in shares of Veeva Systems by 217.2% during the fourth quarter. Farther Finance Advisors LLC now owns 10,470 shares of the technology company’s stock worth $2,337,000 after purchasing an additional 7,169 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Veeva Systems by 14.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,110,075 shares of the technology company’s stock worth $247,817,000 after purchasing an additional 137,965 shares during the period. Finally, BNP Paribas grew its stake in shares of Veeva Systems by 89.3% in the fourth quarter. BNP Paribas now owns 19,239 shares of the technology company’s stock worth $4,308,000 after purchasing an additional 9,077 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.