Veeva Systems Inc. $VEEV Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lowered its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 21.8% in the second quarter, HoldingsChannel reports. The fund owned 3,476 shares of the technology company’s stock after selling 970 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Veeva Systems were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems during the 2nd quarter valued at about $29,000. Abound Financial LLC purchased a new stake in shares of Veeva Systems during the 1st quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Veeva Systems during the 2nd quarter worth about $32,000. Maseco LLP purchased a new stake in shares of Veeva Systems during the 2nd quarter worth about $35,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Veeva Systems during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VEEV. Needham & Company LLC reiterated a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a report on Friday, October 17th. Piper Sandler boosted their target price on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. BTIG Research reaffirmed a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a research report on Friday, October 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Veeva Systems in a research report on Thursday, August 28th. Finally, KeyCorp increased their price objective on shares of Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $307.58.

Veeva Systems Stock Up 2.2%

Shares of NYSE:VEEV opened at $291.20 on Monday. The company has a market capitalization of $47.73 billion, a price-to-earnings ratio of 59.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company has a 50 day moving average of $285.22 and a two-hundred day moving average of $272.91. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). The business had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. On average, equities analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insider Activity

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the transaction, the insider directly owned 25,325 shares in the company, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the transaction, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 24,665 shares of company stock worth $7,438,000. 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.