Veeva Systems Inc (VEEV) CFO Sells $2,787,000.00 in Stock
Veeva Systems Inc (NYSE:VEEV) CFO Timothy S. Cabral sold 50,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $55.74, for a total value of $2,787,000.00. Following the sale, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $2,787,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Veeva Systems Inc (VEEV) traded down $0.13 during midday trading on Tuesday, hitting $55.85. The stock had a trading volume of 1,044,000 shares, compared to its average volume of 1,325,454. The company has a market capitalization of $7,912.38, a price-to-earnings ratio of 94.88, a price-to-earnings-growth ratio of 4.54 and a beta of 1.60. Veeva Systems Inc has a 1 year low of $40.50 and a 1 year high of $68.07.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The company had revenue of $176.10 million during the quarter, compared to analyst estimates of $171.99 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. research analysts forecast that Veeva Systems Inc will post 0.68 earnings per share for the current year.
A number of equities analysts have recently weighed in on VEEV shares. BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Needham & Company LLC reaffirmed 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 reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Saturday, August 26th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.45.
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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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