Veeva Systems Inc (NYSE:VEEV) Director Paul J. Sekhri sold 10,971 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $53.83, for a total transaction of $590,568.93. Following the completion of the sale, the director now directly owns 27,438 shares in the company, valued at approximately $1,476,987.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Veeva Systems Inc (NYSE VEEV) traded down $0.21 on Tuesday, hitting $55.07. 1,214,403 shares of the stock traded hands, compared to its average volume of 1,260,000. Veeva Systems Inc has a fifty-two week low of $40.50 and a fifty-two week high of $68.07. The company has a market cap of $7,740.00, a price-to-earnings ratio of 60.52, a price-to-earnings-growth ratio of 4.48 and a beta of 1.60.
Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The business had revenue of $176.10 million for the quarter, compared to the consensus estimate of $171.99 million. Veeva Systems had a net margin of 19.97% and a return on equity of 12.21%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. analysts predict that Veeva Systems Inc will post 0.68 EPS for the current fiscal year.
VEEV has been the topic of several analyst reports. Zacks Investment Research lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a report on Wednesday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a report on Friday, October 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Veeva Systems has a consensus rating of “Buy” and a consensus price target of $67.45.
Hedge funds and other institutional investors have recently modified their holdings of the stock. ETF Managers Group LLC acquired a new position in Veeva Systems during the 2nd quarter worth about $101,000. Robeco Institutional Asset Management B.V. acquired a new position in Veeva Systems during the 2nd quarter worth about $102,000. LS Investment Advisors LLC acquired a new position in Veeva Systems during the 2nd quarter worth about $105,000. C M Bidwell & Associates Ltd. lifted its position in Veeva Systems by 460.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after buying an additional 2,300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in Veeva Systems by 77.2% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock worth $181,000 after buying an additional 1,286 shares in the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.
Veeva Systems Company Profile
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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