Insider Selling: Veeva Systems Inc. (NYSE:VEEV) Insider Sells 13,000 Shares of Stock

Veeva Systems Inc. (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 13,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $58.96, for a total transaction of $766,480.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, September 5th, Eleni Nitsa Zuppas sold 1,329 shares of Veeva Systems stock. The shares were sold at an average price of $58.74, for a total transaction of $78,065.46.

Shares of Veeva Systems Inc. (NYSE:VEEV) opened at 59.49 on Friday. The stock has a market cap of $8.37 billion, a PE ratio of 76.07 and a beta of 1.62. Veeva Systems Inc. has a one year low of $37.34 and a one year high of $68.07. The firm has a 50-day moving average of $57.55 and a 200-day moving average of $59.42.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The business had revenue of $166.59 million during the quarter, compared to analyst estimates of $164.26 million. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, equities research analysts expect that Veeva Systems Inc. will post $0.87 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Veeva Systems Inc. (NYSE:VEEV) Insider Sells 13,000 Shares of Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/27/veeva-systems-inc-veev-insider-eleni-nitsa-zuppas-sells-13000-shares-of-stock.html.

Several large investors have recently bought and sold shares of VEEV. Great West Life Assurance Co. Can grew its position in shares of Veeva Systems by 22.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 10,340 shares of the technology company’s stock worth $529,000 after buying an additional 1,900 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Veeva Systems by 135.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,809 shares of the technology company’s stock worth $195,000 after buying an additional 2,192 shares during the last quarter. Comerica Bank purchased a new position in shares of Veeva Systems in the 1st quarter worth approximately $204,000. UBS Asset Management Americas Inc. grew its position in shares of Veeva Systems by 12.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 62,602 shares of the technology company’s stock worth $3,210,000 after buying an additional 6,781 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Veeva Systems in the 1st quarter worth approximately $597,000. Institutional investors and hedge funds own 71.61% of the company’s stock.

Several equities analysts recently issued reports on VEEV shares. BidaskClub upgraded shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research cut shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. JMP Securities reiterated a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research report on Saturday, August 26th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price target on shares of Veeva Systems in a research report on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.75.

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)

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

Leave a Reply