Veeva Systems Inc (VEEV) Director Paul J. Sekhri Sells 10,971 Shares
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.
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