Veeva Systems Inc (VEEV) CFO Timothy S. Cabral Sells 25,000 Shares
Veeva Systems Inc (NYSE:VEEV) CFO Timothy S. Cabral sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $103.08, for a total transaction of $2,577,000.00. Following the completion of the transaction, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $2,577,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NYSE:VEEV traded up $1.71 during midday trading on Friday, hitting $107.02. The company’s stock had a trading volume of 92,773 shares, compared to its average volume of 1,367,522. Veeva Systems Inc has a fifty-two week low of $52.17 and a fifty-two week high of $107.44. The company has a market cap of $15.01 billion, a PE ratio of 116.09, a price-to-earnings-growth ratio of 4.94 and a beta of 1.54.
Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, August 23rd. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $209.60 million for the quarter, compared to the consensus estimate of $203.50 million. During the same quarter in the prior year, the company earned $0.23 EPS. Veeva Systems’s quarterly revenue was up 24.9% on a year-over-year basis. research analysts anticipate that Veeva Systems Inc will post 1.1 EPS for the current year.
Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Veeva Systems from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, June 27th. Deutsche Bank increased their price objective on shares of Veeva Systems from $55.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, May 25th. Canaccord Genuity increased their price objective on shares of Veeva Systems from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 25th. KeyCorp reaffirmed a “buy” rating on shares of Veeva Systems in a research report on Thursday, August 23rd. Finally, DA Davidson increased their price objective on shares of Veeva Systems to $105.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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