Matthew J. Wallach Sells 24,000 Shares of Veeva Systems Inc (VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) President Matthew J. Wallach sold 24,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $58.06, for a total value of $1,393,440.00. Following the completion of the transaction, the president now owns 24,000 shares in the company, valued at approximately $1,393,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Veeva Systems Inc (VEEV) opened at $58.06 on Friday. Veeva Systems Inc has a 12-month low of $41.30 and a 12-month high of $68.07. The stock has a market capitalization of $8,210.00, a PE ratio of 63.80, a price-to-earnings-growth ratio of 4.66 and a beta of 1.60.

Veeva Systems (NYSE:VEEV) last released its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm had revenue of $176.10 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts expect that Veeva Systems Inc will post 0.68 earnings per share for the current fiscal year.

A number of brokerages recently commented on VEEV. Canaccord Genuity restated a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a research report on Wednesday, December 6th. BidaskClub cut Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and issued a $67.00 price target on shares of Veeva Systems in a research report on Friday, October 13th. Finally, Needham & Company LLC restated a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Veeva Systems has an average rating of “Buy” and an average target price of $67.45.

Institutional investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC bought a new stake in shares of Veeva Systems during the second quarter worth about $101,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Veeva Systems during the second quarter worth about $102,000. C M Bidwell & Associates Ltd. grew its holdings in shares of Veeva Systems by 460.0% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,300 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Veeva Systems by 77.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,286 shares during the last quarter. Finally, 1st Global Advisors Inc. bought a new stake in shares of Veeva Systems during the second quarter worth about $200,000. Hedge funds and other institutional investors own 70.90% of the company’s stock.

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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)

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