Thomas Schwenger Sells 36,000 Shares of Veeva Systems (NYSE:VEEV) Stock

Veeva Systems Inc. (NYSE:VEEV) insider Thomas Schwenger sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the transaction, the insider directly owned 19,449 shares of the company’s stock, valued at $4,866,723.27. This represents a 64.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Veeva Systems Trading Up 2.1%

Shares of VEEV stock opened at $243.33 on Wednesday. The firm’s fifty day moving average price is $192.90 and its two-hundred day moving average price is $180.87. The firm has a market capitalization of $39.53 billion, a P/E ratio of 43.37, a PEG ratio of 1.05 and a beta of 0.92. Veeva Systems Inc. has a 1 year low of $148.05 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.10. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The business had revenue of $882.95 million during the quarter, compared to analysts’ expectations of $857.73 million. During the same period last year, the business earned $1.97 earnings per share. The firm’s revenue was up 16.3% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, equities research analysts forecast that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Veeva Systems

Hedge funds have recently modified their holdings of the stock. Williams Jones Wealth Management LLC. increased its holdings in shares of Veeva Systems by 0.4% in the third quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after purchasing an additional 40 shares during the period. Rafferty Asset Management LLC increased its stake in Veeva Systems by 0.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock worth $1,982,000 after acquiring an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Veeva Systems by 8.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock valued at $214,000 after acquiring an additional 54 shares in the last quarter. Main Management ETF Advisors LLC boosted its position in shares of Veeva Systems by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 5,481 shares of the technology company’s stock valued at $1,224,000 after acquiring an additional 56 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Veeva Systems by 17.1% during the fourth quarter. Root Financial Partners LLC now owns 383 shares of the technology company’s stock worth $85,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems News Summary

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Analyst price targets raised: Barclays lifted its target from $235 to $275 and assigned an “overweight” rating. Oppenheimer raised its target from $225 to $300 with an “outperform” rating, while Stifel increased its target from $230 to $275 and issued a “buy” rating. These upgrades indicate improving confidence in Veeva’s growth prospects. Benzinga analyst price-target reports
• Positive Sentiment: Solid operating momentum: Veeva’s latest quarterly results exceeded consensus estimates, with earnings per share of $2.24 versus $2.14 expected and revenue of $882.95 million versus $857.73 million expected. Revenue grew 16.3% year over year, and management provided fiscal 2027 earnings guidance. Veeva Systems financial and earnings information
• Positive Sentiment: Institutional support: Major investors, including Norges Bank, Durable Capital Partners, Arrowstreet Capital, AQR Capital Management and Swedbank, recently established or increased positions. Institutions own approximately 88.2% of outstanding shares, suggesting substantial professional-investor participation.
• Neutral Sentiment: A related article identified Veeva as one of two potentially better investments than privately held SpaceX, which may improve investor attention but does not represent a new company-specific development. Thinking About Buying SpaceX? These 2 Stocks Should Be Better Bets
• Negative Sentiment: Insider selling: Director Thomas Schwenger sold 36,000 shares worth approximately $9.0 million, reducing his stake by 64.9%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, it may be less concerning than discretionary selling, but it could still weigh on sentiment.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VEEV. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $285.00 target price on shares of Veeva Systems in a research note on Thursday, June 4th. Evercore restated an “outperform” rating and issued a $185.00 target price on shares of Veeva Systems in a research note on Thursday, June 4th. Wall Street Zen downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.75.

About Veeva Systems

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.