Veeva Systems Inc (VEEV) Insider Eleni Nitsa Zuppas Sells 1,338 Shares of Stock

Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 1,338 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $58.11, for a total value of $77,751.18. Following the transaction, the insider now directly owns 10,699 shares in the company, valued at approximately $621,718.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Friday, October 13th, Eleni Nitsa Zuppas sold 13,000 shares of Veeva Systems stock. The shares were sold at an average price of $58.96, for a total value of $766,480.00.

Shares of Veeva Systems Inc (NYSE:VEEV) traded up $0.52 during trading hours on Wednesday, reaching $57.77. The company had a trading volume of 2,126,000 shares, compared to its average volume of 1,304,280. Veeva Systems Inc has a 52 week low of $40.50 and a 52 week high of $68.07. The company has a market capitalization of $7,940.58, a PE ratio of 97.03, a P/E/G ratio of 4.69 and a beta of 1.60.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The company had revenue of $176.10 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Veeva Systems’s revenue was up 23.3% compared to the same quarter last year. research analysts predict that Veeva Systems Inc will post 0.65 EPS for the current fiscal year.

VEEV has been the topic of a number of analyst reports. JMP Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Saturday, August 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Friday, August 25th. KeyCorp reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Friday, August 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research note on Friday, October 13th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Veeva Systems has an average rating of “Buy” and an average target price of $67.45.

A number of large investors have recently made changes to their positions in VEEV. BlackRock Inc. lifted its holdings in Veeva Systems by 44.9% during the second quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock worth $356,379,000 after buying an additional 1,801,439 shares during the period. FMR LLC lifted its holdings in Veeva Systems by 50.9% during the second quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock worth $211,912,000 after buying an additional 1,166,372 shares during the period. State Street Corp lifted its holdings in Veeva Systems by 52.1% during the second quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock worth $113,851,000 after buying an additional 635,842 shares during the period. Koch Industries Inc. purchased a new stake in Veeva Systems during the second quarter worth $408,000. Finally, Janus Henderson Group PLC lifted its holdings in Veeva Systems by 202.7% during the third quarter. Janus Henderson Group PLC now owns 594,544 shares of the technology company’s stock worth $33,538,000 after buying an additional 398,149 shares during the period. 72.38% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/12/06/veeva-systems-inc-veev-insider-eleni-nitsa-zuppas-sells-1338-shares-of-stock.html.

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)

Receive News & Ratings for Veeva Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply