Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 10,200 shares of Veeva Systems stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $62.91, for a total transaction of $641,682.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gordon Ritter also recently made the following trade(s):

  • On Monday, August 7th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $62.78, for a total transaction of $320,178.00.
  • On Friday, July 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $63.60, for a total transaction of $648,720.00.
  • On Monday, July 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $62.06, for a total transaction of $316,506.00.
  • On Tuesday, July 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $62.03, for a total transaction of $632,706.00.
  • On Friday, June 30th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $61.51, for a total transaction of $627,402.00.
  • On Thursday, June 15th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $59.35, for a total transaction of $605,370.00.
  • On Thursday, June 1st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $63.87, for a total transaction of $651,474.00.
  • On Monday, May 15th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.25, for a total transaction of $291,975.00.
  • On Tuesday, May 16th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $58.29, for a total transaction of $594,558.00.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 1.31% during trading on Wednesday, reaching $63.65. The company’s stock had a trading volume of 1,009,744 shares. The firm has a market cap of $8.90 billion, a P/E ratio of 102.50 and a beta of 1.63. The stock’s 50 day moving average is $62.47 and its 200 day moving average is $53.75. Veeva Systems Inc. has a one year low of $36.55 and a one year high of $68.07.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, May 25th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by $0.04. Veeva Systems had a return on equity of 12.28% and a net margin of 15.86%. The company had revenue of $157.90 million during the quarter, compared to the consensus estimate of $151.82 million. During the same period last year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 31.8% compared to the same quarter last year. On average, equities analysts forecast that Veeva Systems Inc. will post $0.83 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new position in Veeva Systems during the second quarter valued at approximately $102,000. LS Investment Advisors LLC bought a new position in Veeva Systems during the second quarter valued at approximately $105,000. Huntington National Bank increased its position in Veeva Systems by 10.6% in the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after buying an additional 256 shares during the period. Daiwa Securities Group Inc. bought a new position in Veeva Systems during the second quarter valued at approximately $193,000. Finally, BNP Paribas Arbitrage SA increased its position in Veeva Systems by 135.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,809 shares of the technology company’s stock valued at $195,000 after buying an additional 2,192 shares during the period. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on VEEV. Zacks Investment Research downgraded shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target on shares of Veeva Systems in a research report on Monday, July 10th. BidaskClub downgraded shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley downgraded shares of Veeva Systems from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $53.00 to $68.00 in a research report on Monday, June 5th. They noted that the move was a valuation call. Finally, Citigroup Inc. lifted their price target on shares of Veeva Systems from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $62.00.

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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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