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.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in Veeva Systems by 2.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 92,824 shares of the technology company’s stock worth $7,134,000 after buying an additional 2,400 shares during the period. Andra AP fonden increased its holdings in Veeva Systems by 2.6% in the 2nd quarter. Andra AP fonden now owns 70,700 shares of the technology company’s stock worth $5,434,000 after buying an additional 1,800 shares during the period. Verition Fund Management LLC increased its holdings in Veeva Systems by 57.8% in the 2nd quarter. Verition Fund Management LLC now owns 16,522 shares of the technology company’s stock worth $1,270,000 after buying an additional 6,054 shares during the period. Morse Asset Management Inc acquired a new position in Veeva Systems in the 2nd quarter worth approximately $272,000. Finally, Castleark Management LLC increased its holdings in Veeva Systems by 45.8% in the 2nd quarter. Castleark Management LLC now owns 189,108 shares of the technology company’s stock worth $14,535,000 after buying an additional 59,405 shares during the period. Institutional investors own 76.02% of the company’s stock.

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.

Recommended Story: Closed-End Mutual Funds (CEFs)

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

Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.