Veeva Systems Inc (NYSE:VEEV) President Matthew J. Wallach sold 24,000 shares of the business’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 sale, the president now directly owns 24,000 shares in the company, valued at approximately $1,393,440. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Veeva Systems Inc (VEEV) opened at $57.53 on Friday. The firm has a market capitalization of $8,074.93, a price-to-earnings ratio of 66.90, a P/E/G ratio of 4.64 and a beta of 1.60. Veeva Systems Inc has a 52-week low of $41.30 and a 52-week high of $68.07.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $176.10 million for the quarter, compared to analyst estimates of $171.99 million. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. Veeva Systems’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. equities research analysts anticipate that Veeva Systems Inc will post 0.68 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new position in Veeva Systems during the second quarter valued at $101,000. Robeco Institutional Asset Management B.V. acquired a new position in Veeva Systems during the second quarter valued at $102,000. C M Bidwell & Associates Ltd. raised its position in 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 valued at $172,000 after buying an additional 2,300 shares during the period. Harvest Fund Management Co. Ltd raised its position in 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 valued at $181,000 after buying an additional 1,286 shares during the period. Finally, 1st Global Advisors Inc. acquired a new position in Veeva Systems during the second quarter valued at $200,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on VEEV. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Wednesday, December 6th. Zacks Investment Research raised Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research report on Friday, October 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Finally, BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Four equities research 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 stock currently has a consensus rating of “Buy” and a consensus target price of $67.45.
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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.
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