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.
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