Veeva Systems Inc (NYSE:VEEV) Director Ronald E. F. Codd sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $55.76, for a total value of $167,280.00. Following the completion of the transaction, the director now directly owns 10,126 shares in the company, valued at approximately $564,625.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Veeva Systems Inc (NYSE VEEV) opened at $56.66 on Wednesday. Veeva Systems Inc has a twelve month low of $40.50 and a twelve month high of $68.07. The company has a market capitalization of $7,912.38, a price-to-earnings ratio of 94.88, a PEG ratio of 4.54 and a beta of 1.60.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm had revenue of $176.10 million during the quarter, compared to analyst estimates of $171.99 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. analysts expect that Veeva Systems Inc will post 0.68 earnings per share for the current year.

VEEV has been the topic of several research analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. JMP Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Saturday, August 26th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. Finally, BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Veeva Systems presently has an average rating of “Buy” and a consensus price target of $67.45.

Institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in Veeva Systems by 28.3% in the 3rd quarter. GSA Capital Partners LLP now owns 19,500 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 4,300 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in Veeva Systems in the 3rd quarter worth $630,000. ICICI Prudential Asset Management Co Ltd purchased a new position in Veeva Systems in the 3rd quarter worth $344,000. Neuberger Berman Group LLC purchased a new position in Veeva Systems in the 3rd quarter worth $13,164,000. Finally, California Public Employees Retirement System grew its position in Veeva Systems by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 214,929 shares of the technology company’s stock worth $12,124,000 after purchasing an additional 16,429 shares during the period. Hedge funds and other institutional investors own 72.25% of the company’s stock.

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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.

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

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