Veeva Systems Inc. (VEEV) Insider Eleni Nitsa Zuppas Sells 4,868 Shares
Veeva Systems Inc. (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 4,868 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $37.90, for a total transaction of $184,497.20. Following the sale, the insider now directly owns 14,252 shares of the company’s stock, valued at $540,150.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Eleni Nitsa Zuppas also recently made the following trade(s):
- On Tuesday, September 6th, Eleni Nitsa Zuppas sold 937 shares of Veeva Systems stock. The stock was sold at an average price of $40.50, for a total transaction of $37,948.50.
Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 0.24% on Monday, reaching $37.97. 591,919 shares of the company traded hands. Veeva Systems Inc. has a one year low of $19.97 and a one year high of $42.58. The firm has a 50-day moving average price of $40.17 and a 200 day moving average price of $34.38. The company has a market capitalization of $5.17 billion, a PE ratio of 102.62 and a beta of 1.58.
Veeva Systems (NYSE:VEEV) last posted its earnings results on Tuesday, August 30th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Veeva Systems had a net margin of 11.33% and a return on equity of 11.26%. The business had revenue of $131.30 million for the quarter, compared to the consensus estimate of $126.61 million. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was up 33.8% compared to the same quarter last year. Equities analysts forecast that Veeva Systems Inc. will post $0.60 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust raised its position in Veeva Systems by 3.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,038,773 shares of the company’s stock valued at $35,443,000 after buying an additional 37,926 shares during the last quarter. Teachers Advisors Inc. raised its position in Veeva Systems by 26.6% in the first quarter. Teachers Advisors Inc. now owns 66,421 shares of the company’s stock valued at $1,663,000 after buying an additional 13,946 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Veeva Systems during the second quarter valued at about $1,486,000. William Blair Investment Management LLC purchased a new position in Veeva Systems during the second quarter valued at about $75,081,000. Finally, Quantitative Investment Management LLC raised its position in Veeva Systems by 161.2% in the second quarter. Quantitative Investment Management LLC now owns 75,500 shares of the company’s stock valued at $2,576,000 after buying an additional 46,600 shares during the last quarter. Hedge funds and other institutional investors own 70.69% of the company’s stock.
Several brokerages have commented on VEEV. KeyCorp upped their target price on shares of Veeva Systems from $35.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, August 31st. Morgan Stanley reaffirmed a “buy” rating and issued a $44.00 target price on shares of Veeva Systems in a research note on Tuesday, August 16th. Raymond James Financial Inc. began coverage on shares of Veeva Systems in a research note on Wednesday, August 24th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Finally, Stifel Nicolaus upped their target price on shares of Veeva Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, September 30th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.46.
About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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