Veeva Systems Inc (VEEV) Director Sells $582,912.00 in Stock

Veeva Systems Inc (NYSE:VEEV) Director Gordon Ritter sold 9,600 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $60.72, for a total value of $582,912.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gordon Ritter also recently made the following trade(s):

  • On Friday, November 3rd, Gordon Ritter sold 9,600 shares of Veeva Systems stock. The stock was sold at an average price of $61.03, for a total value of $585,888.00.
  • On Wednesday, October 18th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $59.16, for a total value of $301,716.00.
  • On Tuesday, October 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $56.85, for a total value of $289,935.00.
  • On Wednesday, October 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $57.13, for a total value of $582,726.00.
  • On Tuesday, September 26th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $54.55, for a total value of $278,205.00.
  • On Wednesday, September 27th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $55.16, for a total value of $562,632.00.
  • On Monday, September 11th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.72, for a total value of $294,372.00.
  • On Tuesday, September 12th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $57.41, for a total value of $585,582.00.
  • On Wednesday, August 30th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.40, for a total value of $292,740.00.
  • On Thursday, August 31st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $57.95, for a total value of $591,090.00.

Veeva Systems Inc (NYSE VEEV) traded down $2.21 during midday trading on Monday, reaching $57.25. The company had a trading volume of 1,573,806 shares, compared to its average volume of 1,300,762. The company has a market cap of $8,247.10, a price-to-earnings ratio of 100.78, a PEG ratio of 4.87 and a beta of 1.60. Veeva Systems Inc has a 1-year low of $40.50 and a 1-year high of $68.07.

Several equities analysts recently issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research note on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. Zacks Investment Research lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research note on Friday, October 13th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $67.45.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its position in Veeva Systems by 28.3% during the 3rd quarter. GSA Capital Partners LLP now owns 19,500 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 4,300 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in Veeva Systems during the 3rd quarter worth approximately $630,000. ICICI Prudential Asset Management Co Ltd bought a new stake in Veeva Systems during the 3rd quarter worth approximately $344,000. Neuberger Berman Group LLC bought a new stake in Veeva Systems during the 3rd quarter worth approximately $13,164,000. Finally, California Public Employees Retirement System grew its position in Veeva Systems by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 214,929 shares of the technology company’s stock worth $12,124,000 after acquiring an additional 16,429 shares during the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

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Veeva Systems Company Profile

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)

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