Veeva Systems Inc (VEEV) Director Paul J. Sekhri Sells 6,016 Shares
Veeva Systems Inc (NYSE:VEEV) Director Paul J. Sekhri sold 6,016 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $98.09, for a total transaction of $590,109.44. Following the transaction, the director now directly owns 31,459 shares of the company’s stock, valued at approximately $3,085,813.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of VEEV opened at $92.34 on Friday. The stock has a market cap of $13.34 billion, a PE ratio of 100.37, a P/E/G ratio of 4.07 and a beta of 1.65. Veeva Systems Inc has a 52 week low of $52.17 and a 52 week high of $109.05.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $224.70 million during the quarter, compared to analyst estimates of $216.04 million. Veeva Systems had a net margin of 23.61% and a return on equity of 16.20%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Sell-side analysts forecast that Veeva Systems Inc will post 1.19 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association increased its stake in Veeva Systems by 2.9% in the second quarter. United Services Automobile Association now owns 18,516 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 529 shares during the period. Standard Life Aberdeen plc increased its stake in Veeva Systems by 2.0% in the third quarter. Standard Life Aberdeen plc now owns 28,661 shares of the technology company’s stock valued at $3,120,000 after acquiring an additional 568 shares during the period. Shell Asset Management Co. increased its stake in Veeva Systems by 6.5% in the third quarter. Shell Asset Management Co. now owns 9,554 shares of the technology company’s stock valued at $1,040,000 after acquiring an additional 580 shares during the period. Comerica Bank increased its stake in Veeva Systems by 11.2% in the third quarter. Comerica Bank now owns 5,773 shares of the technology company’s stock valued at $515,000 after acquiring an additional 583 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Veeva Systems by 13.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,400 shares of the technology company’s stock valued at $415,000 after acquiring an additional 650 shares during the period. 76.66% of the stock is owned by institutional investors and hedge funds.
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About Veeva Systems
Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.
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