Veeva Systems (NYSE:VEEV) Insider Thomas Schwenger Sells 36,000 Shares of Stock

Veeva Systems Inc. (NYSE:VEEV) insider Thomas Schwenger sold 36,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.23, for a total value of $9,008,280.00. Following the sale, the insider owned 19,449 shares of the company’s stock, valued at approximately $4,866,723.27. The trade was a 64.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Veeva Systems Stock Performance

Shares of NYSE:VEEV traded down $5.35 during midday trading on Monday, reaching $238.40. The company’s stock had a trading volume of 1,007,368 shares, compared to its average volume of 2,498,673. Veeva Systems Inc. has a fifty-two week low of $148.05 and a fifty-two week high of $310.50. The firm has a 50 day moving average price of $189.96 and a two-hundred day moving average price of $180.54. The firm has a market capitalization of $38.73 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 1.05 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.14 by $0.10. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The business had revenue of $882.95 million during the quarter, compared to analysts’ expectations of $857.73 million. During the same quarter last year, the firm posted $1.97 earnings per share. The firm’s revenue was up 16.3% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, research analysts anticipate that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empire Life Investments Inc. increased its position in shares of Veeva Systems by 21.1% during the fourth quarter. Empire Life Investments Inc. now owns 37,054 shares of the technology company’s stock valued at $8,272,000 after buying an additional 6,453 shares during the period. Czech National Bank bought a new position in shares of Veeva Systems in the second quarter valued at approximately $7,584,000. Farther Finance Advisors LLC grew its stake in Veeva Systems by 217.2% during the fourth quarter. Farther Finance Advisors LLC now owns 10,470 shares of the technology company’s stock valued at $2,337,000 after acquiring an additional 7,169 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Veeva Systems by 14.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,110,075 shares of the technology company’s stock worth $247,817,000 after acquiring an additional 137,965 shares during the period. Finally, BNP Paribas increased its holdings in Veeva Systems by 89.3% during the 4th quarter. BNP Paribas now owns 19,239 shares of the technology company’s stock worth $4,308,000 after acquiring an additional 9,077 shares during the period. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VEEV. Guggenheim assumed coverage on shares of Veeva Systems in a research note on Thursday, July 23rd. They set a “buy” rating and a $232.00 target price on the stock. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Needham & Company LLC reiterated a “buy” rating and set a $270.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Barclays cut their price objective on shares of Veeva Systems from $250.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Finally, Mizuho reduced their target price on Veeva Systems from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $252.08.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.