Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 7,200 shares of Veeva Systems stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $103.30, for a total transaction of $743,760.00. Following the transaction, the insider now directly owns 12,398 shares in the company, valued at approximately $1,280,713.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Wednesday, September 5th, Eleni Nitsa Zuppas sold 1,253 shares of Veeva Systems stock. The stock was sold at an average price of $103.52, for a total transaction of $129,710.56.

VEEV traded up $1.15 during trading on Wednesday, reaching $104.61. The company had a trading volume of 857,100 shares, compared to its average volume of 1,100,852. Veeva Systems Inc has a 12 month low of $52.17 and a 12 month high of $105.04. The firm has a market cap of $14.64 billion, a P/E ratio of 112.41, a PEG ratio of 4.82 and a beta of 1.52.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, August 23rd. The technology company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Veeva Systems had a net margin of 21.23% and a return on equity of 13.58%. The firm had revenue of $209.60 million for the quarter, compared to analyst estimates of $203.50 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. research analysts forecast that Veeva Systems Inc will post 1.1 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. We Are One Seven LLC lifted its stake in Veeva Systems by 147.6% in the first quarter. We Are One Seven LLC now owns 1,679 shares of the technology company’s stock valued at $123,000 after buying an additional 1,001 shares in the last quarter. Next Century Growth Investors LLC bought a new position in Veeva Systems in the first quarter valued at approximately $130,000. Flagship Harbor Advisors LLC bought a new position in Veeva Systems in the second quarter valued at approximately $149,000. Mutual of America Capital Management LLC bought a new position in Veeva Systems in the second quarter valued at approximately $169,000. Finally, Cerebellum GP LLC lifted its stake in Veeva Systems by 1,645.0% in the second quarter. Cerebellum GP LLC now owns 2,251 shares of the technology company’s stock valued at $173,000 after buying an additional 2,122 shares in the last quarter. 76.02% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on VEEV shares. Canaccord Genuity lifted their price objective on shares of Veeva Systems from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. Morgan Stanley lifted their price objective on shares of Veeva Systems from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, May 25th. Deutsche Bank lifted their price objective on shares of Veeva Systems from $55.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, May 25th. Needham & Company LLC lifted their price objective on shares of Veeva Systems to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. Finally, Deutsche Bank lifted their price objective on shares of Veeva Systems from $55.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, May 25th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Veeva Systems has an average rating of “Buy” and a consensus target price of $94.29.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

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

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