Veeva Systems Inc (NYSE:VEEV) Director Ronald E. F. Codd sold 2,000 shares of Veeva Systems stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $57.07, for a total value of $114,140.00. Following the completion of the sale, the director now owns 9,978 shares of the company’s stock, valued at approximately $569,444.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Veeva Systems Inc (NYSE:VEEV) opened at $58.37 on Tuesday. Veeva Systems Inc has a 52-week low of $41.30 and a 52-week high of $68.07. The stock has a market capitalization of $8,250.19, a P/E ratio of 67.87, a price-to-earnings-growth ratio of 4.74 and a beta of 1.60.
Veeva Systems (NYSE:VEEV) last announced its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The company had revenue of $176.10 million for the quarter, compared to analyst estimates of $171.99 million. During the same period in the prior year, the company posted $0.22 EPS. Veeva Systems’s quarterly revenue was up 23.3% on a year-over-year basis. research analysts predict that Veeva Systems Inc will post 0.68 EPS for the current year.
Several research firms have recently weighed in on VEEV. Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research note on Friday, October 13th. Canaccord Genuity reissued a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research report on Wednesday, December 6th. Zacks Investment Research raised Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, October 11th. Finally, BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.45.
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About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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