Veeva Systems Inc (NYSE:VEEV) SVP Frederic Lequient Sells 407 Shares

Veeva Systems Inc (NYSE:VEEV) SVP Frederic Lequient sold 407 shares of Veeva Systems stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $267.01, for a total value of $108,673.07. Following the transaction, the senior vice president now owns 195 shares of the company’s stock, valued at $52,066.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Frederic Lequient also recently made the following trade(s):

  • On Wednesday, September 2nd, Frederic Lequient sold 218 shares of Veeva Systems stock. The stock was sold at an average price of $295.00, for a total value of $64,310.00.
  • On Thursday, July 2nd, Frederic Lequient sold 105 shares of Veeva Systems stock. The stock was sold at an average price of $241.57, for a total value of $25,364.85.

Shares of NYSE VEEV opened at $273.85 on Wednesday. Veeva Systems Inc has a 52-week low of $118.11 and a 52-week high of $298.76. The firm has a fifty day moving average of $266.41 and a 200-day moving average of $212.16. The stock has a market capitalization of $40.83 billion, a PE ratio of 132.81, a P/E/G ratio of 9.53 and a beta of 0.95. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 0.02.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, August 27th. The technology company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The business had revenue of $353.68 million for the quarter, compared to analyst estimates of $340.00 million. Veeva Systems had a net margin of 25.60% and a return on equity of 15.77%. The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Equities research analysts expect that Veeva Systems Inc will post 1.82 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in shares of Veeva Systems by 38.7% during the 1st quarter. Morgan Stanley now owns 14,023,808 shares of the technology company’s stock valued at $2,192,902,000 after acquiring an additional 3,914,812 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Veeva Systems by 17.6% during the 2nd quarter. BlackRock Inc. now owns 8,108,359 shares of the technology company’s stock valued at $1,900,762,000 after acquiring an additional 1,211,730 shares in the last quarter. FMR LLC lifted its holdings in shares of Veeva Systems by 15.2% during the 2nd quarter. FMR LLC now owns 4,916,977 shares of the technology company’s stock valued at $1,152,638,000 after acquiring an additional 648,208 shares in the last quarter. State Street Corp lifted its holdings in shares of Veeva Systems by 0.8% during the 1st quarter. State Street Corp now owns 2,855,580 shares of the technology company’s stock valued at $446,527,000 after acquiring an additional 23,635 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Veeva Systems by 3.8% during the 1st quarter. Franklin Resources Inc. now owns 2,510,703 shares of the technology company’s stock valued at $392,608,000 after acquiring an additional 91,911 shares in the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Veeva Systems from $200.00 to $297.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Morgan Stanley lifted their target price on shares of Veeva Systems from $253.00 to $323.00 and gave the stock an “overweight” rating in a research note on Monday, August 31st. Stifel Nicolaus lifted their target price on shares of Veeva Systems from $225.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Piper Sandler lifted their target price on shares of Veeva Systems from $220.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Finally, Stephens lifted their target price on shares of Veeva Systems from $290.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Veeva Systems has a consensus rating of “Buy” and a consensus target price of $275.29.

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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