Insider Selling: Veeva Systems Inc (NYSE:VEEV) Insider Sells $483,240.00 in Stock

Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $161.08, for a total value of $483,240.00. Following the completion of the sale, the insider now owns 13,498 shares in the company, valued at $2,174,257.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Wednesday, July 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The shares were sold at an average price of $172.51, for a total value of $517,530.00.
  • On Tuesday, July 2nd, Eleni Nitsa Zuppas sold 235 shares of Veeva Systems stock. The shares were sold at an average price of $163.47, for a total value of $38,415.45.
  • On Monday, June 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The shares were sold at an average price of $165.90, for a total value of $497,700.00.
  • On Tuesday, June 4th, Eleni Nitsa Zuppas sold 5,180 shares of Veeva Systems stock. The shares were sold at an average price of $154.66, for a total value of $801,138.80.

NYSE VEEV opened at $158.60 on Friday. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.01. Veeva Systems Inc has a 52-week low of $79.26 and a 52-week high of $176.90. The business’s 50-day moving average price is $166.48 and its 200 day moving average price is $142.69. The firm has a market cap of $23.42 billion, a P/E ratio of 127.90, a P/E/G ratio of 8.08 and a beta of 1.39.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.08). Veeva Systems had a return on equity of 17.61% and a net margin of 28.41%. The company had revenue of $244.75 million for the quarter, compared to analysts’ expectations of $238.69 million. During the same period in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. As a group, analysts anticipate that Veeva Systems Inc will post 1.6 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VEEV. BlackRock Inc. grew its holdings in shares of Veeva Systems by 16.3% during the second quarter. BlackRock Inc. now owns 8,770,784 shares of the technology company’s stock worth $1,421,833,000 after buying an additional 1,231,904 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Veeva Systems by 260.1% during the second quarter. UBS Asset Management Americas Inc. now owns 1,328,118 shares of the technology company’s stock worth $215,301,000 after buying an additional 959,268 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Veeva Systems by 2,101.1% during the second quarter. Nuveen Asset Management LLC now owns 933,268 shares of the technology company’s stock worth $151,292,000 after buying an additional 890,867 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Veeva Systems by 41.0% during the second quarter. AQR Capital Management LLC now owns 1,958,283 shares of the technology company’s stock worth $311,054,000 after buying an additional 569,097 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Veeva Systems by 420.9% during the second quarter. Invesco Ltd. now owns 662,832 shares of the technology company’s stock worth $107,452,000 after buying an additional 535,581 shares during the last quarter. 77.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. DA Davidson raised their price target on Veeva Systems to $165.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Barclays raised their price objective on Veeva Systems from $144.00 to $151.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Canaccord Genuity raised their price objective on Veeva Systems from $115.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. raised their price objective on Veeva Systems from $103.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, Stifel Nicolaus raised their price objective on Veeva Systems from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $149.94.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

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

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