Jonathan Faddis Sells 37,500 Shares of Veeva Systems Inc. (VEEV) Stock
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.
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.
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