Insider Selling: Veeva Systems Inc (VEEV) Director Sells $114,140.00 in Stock

Veeva Systems Inc (NYSE:VEEV) Director Ronald E. F. Codd sold 2,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was 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 directly owns 9,978 shares of the company’s stock, valued at approximately $569,444.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Veeva Systems Inc (NYSE:VEEV) opened at $57.68 on Thursday. The stock has a market capitalization of $8,110.00, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 4.66 and a beta of 1.60. Veeva Systems Inc has a twelve month low of $41.30 and a twelve month high of $68.07.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The business had revenue of $176.10 million during the quarter, compared to the consensus estimate of $171.99 million. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. equities analysts expect that Veeva Systems Inc will post 0.68 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of VEEV. BlackRock Inc. raised its holdings in Veeva Systems by 44.9% in the second quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock worth $356,379,000 after purchasing an additional 1,801,439 shares in the last quarter. FMR LLC increased its holdings in shares of Veeva Systems by 50.9% during the second quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock valued at $211,912,000 after acquiring an additional 1,166,372 shares in the last quarter. State Street Corp increased its holdings in shares of Veeva Systems by 52.1% during the second quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock valued at $113,851,000 after acquiring an additional 635,842 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Veeva Systems during the second quarter valued at $408,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Veeva Systems by 202.7% during the third quarter. Janus Henderson Group PLC now owns 594,544 shares of the technology company’s stock valued at $33,538,000 after acquiring an additional 398,149 shares in the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.

A number of brokerages recently commented on VEEV. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a research note on Wednesday, December 6th. BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Zacks Investment Research raised Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price target on shares of Veeva Systems in a research note on Friday, October 13th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $67.45.

WARNING: “Insider Selling: Veeva Systems Inc (VEEV) Director Sells $114,140.00 in Stock” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/01/11/insider-selling-veeva-systems-inc-veev-director-sells-114140-00-in-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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply