Bank Hapoalim BM Buys 285 Shares of Veeva Systems Inc. $VEEV

Bank Hapoalim BM boosted its stake in Veeva Systems Inc. (NYSE:VEEV) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,903 shares of the technology company’s stock after acquiring an additional 285 shares during the period. Bank Hapoalim BM’s holdings in Veeva Systems were worth $6,020,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. TFB Advisors LLC grew its stake in Veeva Systems by 1.2% during the first quarter. TFB Advisors LLC now owns 3,586 shares of the technology company’s stock valued at $831,000 after acquiring an additional 44 shares in the last quarter. Triangle Securities Wealth Management grew its stake in Veeva Systems by 0.8% during the second quarter. Triangle Securities Wealth Management now owns 5,782 shares of the technology company’s stock valued at $1,665,000 after acquiring an additional 45 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in Veeva Systems by 3.3% during the first quarter. Marks Group Wealth Management Inc now owns 1,427 shares of the technology company’s stock valued at $331,000 after acquiring an additional 46 shares in the last quarter. Harbour Investments Inc. grew its stake in Veeva Systems by 7.6% during the first quarter. Harbour Investments Inc. now owns 789 shares of the technology company’s stock valued at $183,000 after acquiring an additional 56 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Veeva Systems by 4.7% during the second quarter. Parallel Advisors LLC now owns 1,236 shares of the technology company’s stock valued at $356,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 14,595 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total value of $4,378,500.00. Following the completion of the sale, the senior vice president directly owned 8,588 shares in the company, valued at approximately $2,576,400. The trade was a 62.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the sale, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,836 shares of company stock worth $5,637,913. 10.30% of the stock is currently owned by insiders.

Veeva Systems Stock Performance

Shares of VEEV opened at $296.47 on Friday. The firm has a market cap of $48.60 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.32 and a beta of 0.98. Veeva Systems Inc. has a fifty-two week low of $200.30 and a fifty-two week high of $302.00. The firm has a 50 day moving average price of $281.68 and a 200-day moving average price of $262.76.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Veeva Systems from $300.00 to $355.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Oppenheimer reissued an “outperform” rating and issued a $325.00 price target on shares of Veeva Systems in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Wells Fargo & Company boosted their price target on shares of Veeva Systems from $300.00 to $326.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Veeva Systems in a research note on Saturday, September 27th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $303.67.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.