Matthew J. Wallach Sells 24,000 Shares of Veeva Systems Inc (VEEV) Stock
Veeva Systems Inc (NYSE:VEEV) President Matthew J. Wallach sold 24,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $58.06, for a total value of $1,393,440.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Veeva Systems Inc (VEEV) traded down $0.35 during mid-day trading on Wednesday, hitting $57.68. The stock had a trading volume of 809,760 shares, compared to its average volume of 901,771. Veeva Systems Inc has a 52-week low of $41.30 and a 52-week high of $68.07. The stock has a market capitalization of $8,110.00, a PE ratio of 63.38, a P/E/G ratio of 4.66 and a beta of 1.60.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. The company had revenue of $176.10 million during the quarter, compared to analysts’ expectations of $171.99 million. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. Veeva Systems’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. equities analysts predict that Veeva Systems Inc will post 0.68 earnings per share for the current fiscal year.
Several equities research analysts have commented on VEEV shares. BidaskClub downgraded Veeva Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Canaccord Genuity reissued a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a report on Wednesday, December 6th. Zacks Investment Research raised Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a report on Friday, October 13th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.45.
A number of institutional investors have recently bought and sold shares of VEEV. BlackRock Inc. increased its position in Veeva Systems by 44.9% during the second quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock valued at $356,379,000 after acquiring an additional 1,801,439 shares during the last quarter. FMR LLC increased its position in Veeva Systems by 50.9% during the second quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock valued at $211,912,000 after acquiring an additional 1,166,372 shares during the last quarter. State Street Corp increased its position in Veeva Systems by 52.1% during the second quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock valued at $113,851,000 after acquiring an additional 635,842 shares during the last quarter. Koch Industries Inc. purchased a new stake in Veeva Systems during the second quarter valued at $408,000. Finally, Janus Henderson Group PLC increased its position in Veeva Systems by 202.7% during the third quarter. Janus Henderson Group PLC now owns 594,544 shares of the technology company’s stock valued at $33,538,000 after acquiring an additional 398,149 shares during the last quarter. Institutional investors own 70.90% of the company’s stock.
About Veeva Systems
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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