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.
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.
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