Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 3,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $44.20, for a total value of $165,661.60. Following the completion of the transaction, the executive vice president now directly owns 8,624 shares of the company’s stock, valued at approximately $381,180.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Alan Mateo also recently made the following trade(s):
Veeva Systems Inc. (NYSE:VEEV) traded up 0.09% on Wednesday, reaching $43.23. The company’s stock had a trading volume of 720,607 shares. The stock has a market cap of $5.93 billion, a P/E ratio of 96.07 and a beta of 1.67. Veeva Systems Inc. has a one year low of $19.97 and a one year high of $47.95. The stock has a 50-day moving average of $42.84 and a 200-day moving average of $40.07.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $142.80 million for the quarter, compared to the consensus estimate of $135.67 million. Veeva Systems had a return on equity of 12.42% and a net margin of 12.73%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that Veeva Systems Inc. will post $0.68 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Veeva Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, September 30th. JMP Securities assumed coverage on shares of Veeva Systems in a research report on Thursday, October 13th. They set a “market perform” rating for the company. KeyCorp increased their target price on shares of Veeva Systems from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, November 23rd. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Veeva Systems in a research report on Tuesday, October 4th. They set a “neutral” rating and a $43.00 target price for the company. Finally, Deutsche Bank AG increased their target price on shares of Veeva Systems from $36.00 to $44.00 and gave the company a “hold” rating in a research report on Wednesday, November 23rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.93.
Several hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the company’s stock valued at $115,000 after buying an additional 1,421 shares in the last quarter. FineMark National Bank & Trust raised its stake in Veeva Systems by 0.3% in the third quarter. FineMark National Bank & Trust now owns 3,068 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the last quarter. Huntington National Bank raised its stake in Veeva Systems by 6.8% in the third quarter. Huntington National Bank now owns 3,172 shares of the company’s stock valued at $131,000 after buying an additional 202 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Veeva Systems by 22.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the company’s stock valued at $140,000 after buying an additional 625 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Veeva Systems during the third quarter valued at about $156,000. Hedge funds and other institutional investors own 68.63% 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.