Veeva Systems Inc. (NYSE:VEEV) SVP Jonathan Faddis sold 37,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $56.38, for a total transaction of $2,114,250.00. Following the completion of the sale, the senior vice president now directly owns 39,149 shares of the company’s stock, valued at approximately $2,207,220.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jonathan Faddis also recently made the following trade(s):

  • On Tuesday, September 5th, Jonathan Faddis sold 931 shares of Veeva Systems stock. The stock was sold at an average price of $58.74, for a total transaction of $54,686.94.

Shares of Veeva Systems Inc. (NYSE:VEEV) opened at 57.09 on Wednesday. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 73.01 and a beta of 1.63. The stock’s 50 day moving average price is $58.45 and its 200-day moving average price is $58.51. Veeva Systems Inc. has a 12 month low of $36.55 and a 12 month high of $68.07.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The business had revenue of $166.59 million during the quarter, compared to the consensus estimate of $164.26 million. During the same period in the prior year, the firm earned $0.15 EPS. Veeva Systems’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities analysts forecast that Veeva Systems Inc. will post $0.87 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. ETF Managers Group LLC acquired a new stake in shares of Veeva Systems in the second quarter worth $101,000. Robeco Institutional Asset Management B.V. bought a new position in Veeva Systems during the second quarter worth $102,000. LS Investment Advisors LLC bought a new position in Veeva Systems during the second quarter worth $105,000. Huntington National Bank increased its position in Veeva Systems by 10.6% during the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock worth $164,000 after acquiring an additional 256 shares during the period. Finally, C M Bidwell & Associates Ltd. increased its position in Veeva Systems by 460.0% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after acquiring an additional 2,300 shares during the period. 71.46% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on VEEV shares. JMP Securities reiterated a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a report on Saturday, August 26th. BidaskClub cut Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Canaccord Genuity restated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Tuesday, August 22nd. KeyCorp reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research report on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a research report on Monday, July 10th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price 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.

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

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