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.
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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.
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