Veeva Systems (NYSE:VEEV) Insider Sells $231,430.00 in Stock

Veeva Systems Inc. (NYSE:VEEV) insider Thomas Schwenger sold 1,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Veeva Systems Stock Performance

Shares of VEEV traded up $0.27 during mid-day trading on Thursday, hitting $219.13. 2,677,963 shares of the stock were exchanged, compared to its average volume of 1,845,151. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The firm has a 50-day moving average of $242.93 and a two-hundred day moving average of $269.89. The company has a market cap of $36.02 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The company had revenue of $0.81 million for the quarter, compared to the consensus estimate of $792.37 million. During the same quarter last year, the firm posted $1.75 EPS. The firm’s revenue 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 and its Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems declared that its Board of Directors has initiated a share buyback plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Veeva Systems

Institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC boosted its holdings in shares of Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after acquiring an additional 55 shares during the period. Board of the Pension Protection Fund acquired a new stake in Veeva Systems during the 4th quarter worth $27,000. Raiffeisen Bank International AG acquired a new stake in Veeva Systems during the 3rd quarter worth $28,000. Trust Co. of Toledo NA OH purchased a new position in Veeva Systems during the 2nd quarter worth $29,000. Finally, OLD Second National Bank of Aurora acquired a new position in Veeva Systems in the third quarter valued at $30,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Weiss Ratings lowered shares of Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Wells Fargo & Company decreased their price objective on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Wall Street Zen cut Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $308.04.

About Veeva Systems

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.