Gordon Ritter Sells 10,200 Shares of Veeva Systems Inc (VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) Director Gordon Ritter sold 10,200 shares of Veeva Systems stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $58.29, for a total transaction of $594,558.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gordon Ritter also recently made the following trade(s):

  • On Monday, May 15th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The shares were sold at an average price of $57.25, for a total transaction of $291,975.00.
  • On Wednesday, May 3rd, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $53.83, for a total transaction of $549,066.00.
  • On Friday, April 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $53.43, for a total transaction of $544,986.00.
  • On Thursday, April 13th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $50.69, for a total transaction of $517,038.00.
  • On Wednesday, March 29th, Gordon Ritter sold 13,600 shares of Veeva Systems stock. The shares were sold at an average price of $50.75, for a total transaction of $690,200.00.
  • On Tuesday, March 14th, Gordon Ritter sold 6,800 shares of Veeva Systems stock. The shares were sold at an average price of $46.13, for a total transaction of $313,684.00.

Shares of Veeva Systems Inc (NYSE:VEEV) traded up 2.15% during trading on Friday, reaching $60.82. The company’s stock had a trading volume of 380,409 shares. The company has a 50-day moving average price of $53.29 and a 200-day moving average price of $45.99. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 129.40 and a beta of 1.67. Veeva Systems Inc has a one year low of $28.14 and a one year high of $60.93.

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

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Hedge funds have recently modified their holdings of the stock. Cim LLC raised its stake in shares of Veeva Systems by 1.9% in the first quarter. Cim LLC now owns 10,503 shares of the technology company’s stock valued at $539,000 after buying an additional 196 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Veeva Systems by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 7,125 shares of the technology company’s stock valued at $365,000 after buying an additional 204 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Veeva Systems by 10.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,542 shares of the technology company’s stock valued at $233,000 after buying an additional 418 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Veeva Systems by 8.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,451 shares of the technology company’s stock valued at $263,000 after buying an additional 495 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Veeva Systems by 1.8% in the first quarter. US Bancorp DE now owns 42,902 shares of the technology company’s stock valued at $2,200,000 after buying an additional 775 shares during the last quarter. 66.72% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on VEEV. Needham & Company LLC lifted their price target on shares of Veeva Systems from $46.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, March 1st. Stifel Nicolaus lifted their price target on shares of Veeva Systems to $50.00 in a report on Wednesday, March 1st. Finally, Zacks Investment Research cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.50.

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.

5 Day Chart for NYSE:VEEV

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