Valley National Advisers Inc. Has $622,000 Stock Holdings in Veeva Systems Inc. $VEEV

Valley National Advisers Inc. increased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,160 shares of the technology company’s stock after purchasing an additional 178 shares during the quarter. Valley National Advisers Inc.’s holdings in Veeva Systems were worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VEEV. Abound Financial LLC acquired a new stake in shares of Veeva Systems during the first quarter worth $25,000. ORG Partners LLC acquired a new position in Veeva Systems in the 1st quarter worth $26,000. Golden State Wealth Management LLC raised its stake in shares of Veeva Systems by 152.9% in the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Veeva Systems in the first quarter valued at about $32,000. Finally, Maseco LLP acquired a new position in shares of Veeva Systems during the second quarter worth about $35,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

VEEV stock opened at $296.47 on Monday. Veeva Systems Inc. has a one year low of $200.30 and a one year high of $302.00. The stock has a market cap of $48.59 billion, a price-to-earnings ratio of 60.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.98. The company has a fifty day moving average price of $281.68 and a two-hundred day moving average price of $263.13.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VEEV shares. Oppenheimer reissued an “outperform” rating and issued a $325.00 target price on shares of Veeva Systems in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veeva Systems in a research report on Saturday, September 27th. Morgan Stanley lifted their price target on shares of Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research note on Thursday, August 28th. Mizuho raised their price objective on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Piper Sandler increased their price target on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.67.

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of the sale, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. The trade was a 12.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jonathan Faddis sold 14,595 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total value of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares in the company, valued at approximately $2,576,400. This represents a 62.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,665 shares of company stock valued at $5,589,280. 10.30% of the stock is currently owned by insiders.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.