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 institutional investors have recently made changes to their positions in the stock. QS Investors LLC boosted its stake in Veeva Systems by 0.5% during the second quarter. QS Investors LLC now owns 3,832 shares of the technology company’s stock valued at $235,000 after buying an additional 19 shares during the last quarter. Alps Advisors Inc. boosted its stake in Veeva Systems by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,387 shares of the technology company’s stock valued at $637,000 after buying an additional 27 shares during the last quarter. Comerica Bank boosted its stake in Veeva Systems by 14.0% during the second quarter. Comerica Bank now owns 4,339 shares of the technology company’s stock valued at $285,000 after buying an additional 534 shares during the last quarter. Aperio Group LLC boosted its stake in Veeva Systems by 7.2% during the second quarter. Aperio Group LLC now owns 12,475 shares of the technology company’s stock valued at $765,000 after buying an additional 836 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Veeva Systems by 2.6% during the third quarter. Great West Life Assurance Co. Can now owns 34,106 shares of the technology company’s stock valued at $1,922,000 after buying an additional 865 shares during the last quarter. 72.25% of the stock is owned by institutional investors.

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.

ILLEGAL ACTIVITY WARNING: “Veeva Systems Inc (VEEV) CFO Sells $2,787,000.00 in Stock” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/veeva-systems-inc-veev-cfo-sells-2787000-00-in-stock/1773298.html.

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)

Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.