Alan Mateo Sells 3,391 Shares of Veeva Systems Inc. (NYSE:VEEV) Stock

Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 3,391 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $200.86, for a total transaction of $681,116.26. Following the transaction, the executive vice president now directly owns 21,983 shares in the company, valued at approximately $4,415,505.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Veeva Systems Trading Down 0.3 %

NYSE:VEEV opened at $200.58 on Thursday. Veeva Systems Inc. has a 1-year low of $160.21 and a 1-year high of $236.90. The firm has a market capitalization of $32.36 billion, a price-to-earnings ratio of 62.29, a PEG ratio of 2.01 and a beta of 0.74. The business’s fifty day moving average price is $220.12 and its 200 day moving average price is $202.74.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.11. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. The firm had revenue of $630.62 million during the quarter, compared to analysts’ expectations of $620.75 million. Equities analysts forecast that Veeva Systems Inc. will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Veeva Systems

Hedge funds have recently added to or reduced their stakes in the company. Facet Wealth Inc. grew its position in Veeva Systems by 3.2% in the fourth quarter. Facet Wealth Inc. now owns 1,542 shares of the technology company’s stock worth $323,000 after acquiring an additional 48 shares in the last quarter. UMB Bank n.a. increased its position in Veeva Systems by 2.5% during the third quarter. UMB Bank n.a. now owns 2,103 shares of the technology company’s stock worth $428,000 after buying an additional 51 shares during the last quarter. NewEdge Wealth LLC raised its holdings in Veeva Systems by 0.6% during the third quarter. NewEdge Wealth LLC now owns 10,059 shares of the technology company’s stock valued at $2,047,000 after buying an additional 60 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Veeva Systems by 3.5% in the fourth quarter. Yousif Capital Management LLC now owns 1,777 shares of the technology company’s stock worth $342,000 after buying an additional 60 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in shares of Veeva Systems by 5.9% in the third quarter. Personal CFO Solutions LLC now owns 1,091 shares of the technology company’s stock worth $222,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

VEEV has been the topic of several recent analyst reports. KeyCorp boosted their target price on Veeva Systems from $232.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Truist Financial raised their target price on Veeva Systems from $187.00 to $203.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of Veeva Systems in a report on Wednesday, March 27th. Robert W. Baird upped their price target on shares of Veeva Systems from $245.00 to $251.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 target price on shares of Veeva Systems in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.90.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.