Veeva Systems Inc (NYSE:VEEV) Insider Sells $517,530.00 in Stock

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Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $172.51, for a total value of $517,530.00. Following the completion of the sale, the insider now directly owns 13,498 shares of the company’s stock, valued at $2,328,539.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Tuesday, July 2nd, Eleni Nitsa Zuppas sold 235 shares of Veeva Systems stock. The stock was sold at an average price of $163.47, for a total value of $38,415.45.
  • On Monday, June 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $165.90, for a total value of $497,700.00.
  • On Tuesday, June 4th, Eleni Nitsa Zuppas sold 5,180 shares of Veeva Systems stock. The stock was sold at an average price of $154.66, for a total value of $801,138.80.
  • On Friday, May 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $141.28, for a total value of $423,840.00.

NYSE:VEEV opened at $175.09 on Friday. The business’s 50-day simple moving average is $161.10. The firm has a market cap of $25.87 billion, a PE ratio of 141.20, a P/E/G ratio of 7.19 and a beta of 1.41. Veeva Systems Inc has a 1 year low of $73.47 and a 1 year high of $176.64. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.01.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). The business had revenue of $244.75 million for the quarter, compared to analyst estimates of $238.69 million. Veeva Systems had a return on equity of 17.61% and a net margin of 28.41%. The company’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Veeva Systems Inc will post 1.6 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. First Personal Financial Services boosted its position in shares of Veeva Systems by 241.7% during the 1st quarter. First Personal Financial Services now owns 205 shares of the technology company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Hanson McClain Inc. boosted its position in shares of Veeva Systems by 67.2% during the 1st quarter. Hanson McClain Inc. now owns 224 shares of the technology company’s stock worth $28,000 after acquiring an additional 90 shares in the last quarter. First Command Bank purchased a new stake in shares of Veeva Systems in the 2nd quarter valued at about $32,000. Executive Wealth Management LLC purchased a new stake in shares of Veeva Systems in the 4th quarter valued at about $34,000. Finally, Bremer Bank National Association purchased a new stake in shares of Veeva Systems in the 1st quarter valued at about $44,000. 77.65% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on VEEV. Bank of America set a $77.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Monday, June 10th. Barclays raised Encompass Health from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $70.00 in a research note on Thursday, May 30th. KeyCorp boosted their target price on Veeva Systems from $133.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. SunTrust Banks boosted their target price on Veeva Systems to $150.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, Stephens began coverage on Genuine Parts in a research note on Thursday, May 30th. They set an “overweight” rating and a $114.00 target price for the company. Seven research 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 stock. Veeva Systems has an average rating of “Buy” and a consensus price target of $147.00.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

Featured Story: Cash Flow

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

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