Timothy S. Cabral Sells 8,750 Shares of Veeva Systems Inc. (VEEV) Stock

Veeva Systems Inc. (NYSE:VEEV) CFO Timothy S. Cabral sold 8,750 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $57.24, for a total value of $500,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Veeva Systems Inc. (NYSE VEEV) traded up 1.44% during mid-day trading on Monday, hitting $57.78. The company’s stock had a trading volume of 1,691,803 shares. The company’s 50 day moving average is $61.79 and its 200-day moving average is $57.26. The stock has a market cap of $8.09 billion, a P/E ratio of 73.89 and a beta of 1.65. Veeva Systems Inc. has a 52-week low of $36.55 and a 52-week high of $68.07.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The business had revenue of $166.59 million during the quarter, compared to analyst estimates of $164.26 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. Veeva Systems’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities analysts predict that Veeva Systems Inc. will post $0.87 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in VEEV. ETF Managers Group LLC purchased a new position in shares of Veeva Systems in the second quarter valued at about $101,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Veeva Systems in the second quarter valued at about $102,000. LS Investment Advisors LLC purchased a new position in shares of Veeva Systems in the second quarter valued at about $105,000. Huntington National Bank lifted its position in shares of Veeva Systems by 10.6% in the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after acquiring an additional 256 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its position in shares of Veeva Systems by 460.0% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock valued at $172,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 71.51% of the company’s stock.

A number of analysts recently issued reports on the company. BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Friday, August 25th. JMP Securities reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Saturday, August 26th. KeyCorp reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Friday, August 25th. Finally, Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Tuesday, August 22nd. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $64.77.

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.

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

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