Veeva Systems Inc. (VEEV) EVP Alan Mateo Sells 913 Shares of Stock

Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 913 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $59.14, for a total transaction of $53,994.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alan Mateo also recently made the following trade(s):

  • On Tuesday, September 5th, Alan Mateo sold 528 shares of Veeva Systems stock. The stock was sold at an average price of $58.74, for a total transaction of $31,014.72.
  • On Monday, August 14th, Alan Mateo sold 8,025 shares of Veeva Systems stock. The stock was sold at an average price of $62.89, for a total transaction of $504,692.25.

Veeva Systems Inc. (NYSE:VEEV) opened at 59.58 on Wednesday. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 76.19 and a beta of 1.62. Veeva Systems Inc. has a 12-month low of $37.34 and a 12-month high of $68.07. The company has a 50-day moving average of $57.16 and a 200 day moving average of $58.97.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts anticipate that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

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VEEV has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a research report on Monday, July 10th. Needham & Company LLC reissued a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, October 11th. BidaskClub cut shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Finally, JMP Securities reissued a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in shares of Veeva Systems in the 2nd quarter valued at approximately $101,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Veeva Systems in the 2nd quarter valued at approximately $102,000. LS Investment Advisors LLC bought a new stake in shares of Veeva Systems in the 2nd quarter valued at approximately $105,000. Huntington National Bank grew its stake in shares of Veeva Systems by 10.6% in the 2nd quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after buying an additional 256 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. grew its stake in shares of Veeva Systems by 460.0% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock valued at $172,000 after buying an additional 2,300 shares in the last quarter. 71.39% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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