Veeva Systems Inc (NYSE:VEEV) CAO Sells $14,461.92 in Stock

Veeva Systems Inc (NYSE:VEEV) CAO Michele O’connor sold 99 shares of Veeva Systems stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $146.08, for a total transaction of $14,461.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michele O’connor also recently made the following trade(s):

  • On Friday, January 3rd, Michele O’connor sold 69 shares of Veeva Systems stock. The shares were sold at an average price of $141.16, for a total transaction of $9,740.04.

Shares of VEEV stock traded up $3.14 during midday trading on Monday, reaching $148.65. 90,161 shares of the company were exchanged, compared to its average volume of 1,209,133. Veeva Systems Inc has a 12 month low of $96.74 and a 12 month high of $176.90. The company has a market cap of $21.62 billion, a P/E ratio of 119.89, a PEG ratio of 4.05 and a beta of 1.17. The company’s 50 day moving average price is $145.11 and its two-hundred day moving average price is $153.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.40 and a current ratio of 5.40.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. Veeva Systems had a net margin of 29.86% and a return on equity of 17.56%. The company had revenue of $280.90 million for the quarter, compared to the consensus estimate of $274.81 million. During the same period in the previous year, the firm earned $0.41 EPS. Veeva Systems’s revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts predict that Veeva Systems Inc will post 1.64 earnings per share for the current year.

VEEV has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $187.00 price objective on shares of Veeva Systems in a research report on Monday, November 25th. ValuEngine downgraded shares of Veeva Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. Deutsche Bank cut their price objective on shares of Veeva Systems from $160.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. They noted that the move was a valuation call. Stephens reiterated a “buy” rating and issued a $185.00 price objective on shares of Veeva Systems in a research report on Wednesday, November 27th. Finally, SunTrust Banks set a $180.00 price objective on shares of Veeva Systems and gave the company a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Veeva Systems has a consensus rating of “Buy” and a consensus price target of $174.28.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Veeva Systems by 16.3% in the 2nd quarter. BlackRock Inc. now owns 8,770,784 shares of the technology company’s stock worth $1,421,833,000 after purchasing an additional 1,231,904 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Veeva Systems by 260.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,328,118 shares of the technology company’s stock worth $215,301,000 after purchasing an additional 959,268 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Veeva Systems by 2,101.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 933,268 shares of the technology company’s stock worth $151,292,000 after purchasing an additional 890,867 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Veeva Systems by 41.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,958,283 shares of the technology company’s stock worth $311,054,000 after purchasing an additional 569,097 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Veeva Systems by 420.9% in the 2nd quarter. Invesco Ltd. now owns 662,832 shares of the technology company’s stock worth $107,452,000 after purchasing an additional 535,581 shares during the last quarter. Institutional investors own 77.42% of the company’s stock.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

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

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