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.
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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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