Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 10,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $57.41, for a total transaction of $585,582.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, September 11th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.72, for a total transaction of $294,372.00.
  • On Wednesday, August 30th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.40, for a total transaction of $292,740.00.
  • On Thursday, August 31st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $57.95, for a total transaction of $591,090.00.
  • 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 Tuesday, August 8th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $62.91, for a total transaction of $641,682.00.
  • 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.

Shares of Veeva Systems Inc. (NYSE VEEV) opened at 55.74 on Friday. Veeva Systems Inc. has a 52-week low of $36.55 and a 52-week high of $68.07. The firm has a 50-day moving average of $60.77 and a 200 day moving average of $57.43. The company has a market capitalization of $7.84 billion, a P/E ratio of 71.28 and a beta of 1.65.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. On average, analysts anticipate that Veeva Systems Inc. will post $0.87 EPS for the current year.

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A number of research analysts recently commented on VEEV shares. 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. BidaskClub downgraded shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Canaccord Genuity reissued a “buy” rating and issued a $70.00 target price (up from $48.00) on shares of Veeva Systems in a research report on Friday, May 26th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research report on Friday, August 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a research report on Monday, July 10th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.77.

Institutional investors and hedge funds have recently modified their holdings of the company. ETF Managers Group LLC bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $101,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $102,000. LS Investment Advisors LLC bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $105,000. Huntington National Bank grew its stake in shares of Veeva Systems by 10.6% during the 2nd quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock worth $164,000 after acquiring an additional 256 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. grew its stake in shares of Veeva Systems by 460.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after acquiring an additional 2,300 shares in the last quarter. 71.51% of the stock is owned by institutional investors.

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.

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

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