Veeva Systems Inc (NYSE:VEEV) Director Paul J. Sekhri sold 10,971 shares of Veeva Systems stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $53.83, for a total transaction of $590,568.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Veeva Systems Inc (VEEV) traded up $0.53 during trading on Friday, reaching $56.06. 1,225,500 shares of the company’s stock traded hands, compared to its average volume of 1,326,541. The stock has a market capitalization of $7,810.00, a PE ratio of 91.53, a PEG ratio of 4.42 and a beta of 1.60. Veeva Systems Inc has a twelve month low of $40.50 and a twelve month high of $68.07.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. The business had revenue of $176.10 million during the quarter, compared to analysts’ expectations of $171.99 million. Veeva Systems had a net margin of 19.97% and a return on equity of 12.68%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. analysts predict that Veeva Systems Inc will post 0.65 earnings per share for the current year.

A number of research analysts recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research report on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research report on Friday, August 25th. Zacks Investment Research cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target on shares of Veeva Systems in a research report on Friday, October 13th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.45.

Institutional investors have recently modified their holdings of the business. ETF Managers Group LLC purchased a new position in Veeva Systems in the second quarter worth about $101,000. Robeco Institutional Asset Management B.V. purchased a new position in Veeva Systems in the second quarter worth about $102,000. LS Investment Advisors LLC purchased a new position in Veeva Systems in the second quarter worth about $105,000. C M Bidwell & Associates Ltd. raised its holdings in Veeva Systems by 460.0% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after buying an additional 2,300 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Veeva Systems by 77.2% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock worth $181,000 after buying an additional 1,286 shares during the last quarter. 72.38% of the stock is owned by institutional investors and hedge funds.

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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.

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

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