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.
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