Veeva Systems Inc (VEEV) EVP Sells $92,635.46 in Stock

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Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 691 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $134.06, for a total transaction of $92,635.46. Following the sale, the executive vice president now directly owns 24,076 shares in the company, valued at approximately $3,227,628.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Alan Mateo also recently made the following trade(s):

  • On Monday, April 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The stock was sold at an average price of $128.00, for a total transaction of $515,328.00.
  • On Wednesday, March 13th, Alan Mateo sold 1,768 shares of Veeva Systems stock. The stock was sold at an average price of $120.00, for a total transaction of $212,160.00.
  • On Monday, March 4th, Alan Mateo sold 4,025 shares of Veeva Systems stock. The stock was sold at an average price of $121.20, for a total transaction of $487,830.00.

Shares of NYSE:VEEV opened at $133.30 on Wednesday. Veeva Systems Inc has a 1 year low of $68.11 and a 1 year high of $137.26. The company has a market cap of $19.42 billion, a PE ratio of 107.50, a price-to-earnings-growth ratio of 5.95 and a beta of 1.72.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Tuesday, February 26th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Veeva Systems had a return on equity of 16.91% and a net margin of 26.66%. The firm had revenue of $232.32 million for the quarter, compared to analyst estimates of $227.15 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue was up 24.9% on a year-over-year basis. As a group, analysts expect that Veeva Systems Inc will post 1.53 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY lifted its position in shares of Veeva Systems by 0.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,355 shares of the technology company’s stock valued at $836,000 after buying an additional 83 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Veeva Systems by 0.4% during the 4th quarter. Utah Retirement Systems now owns 22,400 shares of the technology company’s stock valued at $2,001,000 after buying an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Veeva Systems by 7.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the technology company’s stock valued at $125,000 after buying an additional 102 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Veeva Systems by 8.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,555 shares of the technology company’s stock valued at $139,000 after buying an additional 119 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Veeva Systems by 2.9% during the 4th quarter. Alps Advisors Inc. now owns 5,456 shares of the technology company’s stock valued at $487,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

A number of brokerages have recently commented on VEEV. Barclays raised their price objective on shares of Veeva Systems from $130.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 27th. Zacks Investment Research cut shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 30th. KeyCorp raised their price objective on shares of Veeva Systems from $114.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price objective (up previously from $110.00) on shares of Veeva Systems in a research note on Wednesday, February 27th. Finally, ValuEngine raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $118.82.

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About Veeva Systems

Veeva Systems, Inc engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.

Further Reading: Cash Flow Analysis in Stock Selection

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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