Alan Mateo Sells 657 Shares of Veeva Systems Inc. (VEEV) Stock
Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 657 shares of the firm’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $38.21, for a total transaction of $25,103.97. Following the sale, the executive vice president now owns 8,184 shares of the company’s stock, valued at approximately $312,710.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Alan Mateo also recently made the following trade(s):
- On Wednesday, September 14th, Alan Mateo sold 2,716 shares of Veeva Systems stock. The stock was sold at an average price of $39.90, for a total transaction of $108,368.40.
- On Tuesday, September 6th, Alan Mateo sold 44,177 shares of Veeva Systems stock. The stock was sold at an average price of $40.55, for a total transaction of $1,791,377.35.
Shares of Veeva Systems Inc. (NYSE:VEEV) opened at 38.45 on Wednesday. The company’s 50 day moving average is $40.14 and its 200 day moving average is $34.71. Veeva Systems Inc. has a one year low of $19.97 and a one year high of $42.58. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 103.92 and a beta of 1.58.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Veeva Systems had a net margin of 11.33% and a return on equity of 11.26%. The firm had revenue of $131.30 million for the quarter, compared to the consensus estimate of $126.61 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. Equities research analysts predict that Veeva Systems Inc. will post $0.60 earnings per share for the current year.
Several brokerages have weighed in on VEEV. KeyCorp lifted their price objective on shares of Veeva Systems from $35.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 31st. Morgan Stanley reiterated a “buy” rating and issued a $44.00 price objective 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 cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Veeva Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $41.46.
Several large investors have recently made changes to their positions in VEEV. Huntington National Bank purchased a new stake in shares of Veeva Systems during the second quarter worth about $101,000. FineMark National Bank & Trust increased its stake in shares of Veeva Systems by 12.7% in the second quarter. FineMark National Bank & Trust now owns 3,060 shares of the company’s stock worth $104,000 after buying an additional 346 shares in the last quarter. DIAM Co. Ltd. bought a new stake in shares of Veeva Systems during the second quarter worth $170,000. Denver Investment Advisors LLC bought a new stake in shares of Veeva Systems during the second quarter worth $204,000. Finally, Legal & General Group Plc increased its stake in shares of Veeva Systems by 6.8% in the second quarter. Legal & General Group Plc now owns 6,800 shares of the company’s stock worth $232,000 after buying an additional 433 shares in the last quarter. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
Veeva Systems Company Profile
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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