Rovin Capital UT ADV Trims Stock Position in Veeva Systems Inc. $VEEV

Rovin Capital UT ADV lowered its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 37.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,536 shares of the technology company’s stock after selling 920 shares during the period. Rovin Capital UT ADV’s holdings in Veeva Systems were worth $442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of Veeva Systems by 35.0% in the first quarter. Private Trust Co. NA now owns 247 shares of the technology company’s stock worth $57,000 after buying an additional 64 shares during the period. OneDigital Investment Advisors LLC grew its stake in Veeva Systems by 14.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,161 shares of the technology company’s stock valued at $501,000 after purchasing an additional 268 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Veeva Systems in the 1st quarter valued at approximately $299,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Veeva Systems by 32.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 68,414 shares of the technology company’s stock valued at $15,956,000 after buying an additional 16,672 shares during the last quarter. Finally, Flossbach Von Storch SE acquired a new stake in shares of Veeva Systems during the first quarter worth approximately $200,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insiders Place Their Bets

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 value of $1,839,720.00. Following the completion of the sale, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,005,134.00. Following the transaction, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. This trade represents a 12.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 in the last three months. Company insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

VEEV has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research note on Thursday, August 28th. KeyCorp lifted their target price on Veeva Systems from $285.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. William Blair restated an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Canaccord Genuity Group increased their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. Seventeen research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.58.

Veeva Systems Stock Down 1.4%

Shares of Veeva Systems stock opened at $291.12 on Friday. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The stock has a 50 day moving average price of $285.87 and a two-hundred day moving average price of $274.26. The stock has a market capitalization of $47.72 billion, a P/E ratio of 59.78, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.64). The firm had revenue of $789.08 million for the quarter, compared to the consensus estimate of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.Veeva Systems’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

About Veeva Systems

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.