Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 9,600 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $60.72, for a total transaction of $582,912.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gordon Ritter also recently made the following trade(s):

  • On Friday, November 3rd, Gordon Ritter sold 9,600 shares of Veeva Systems stock. The shares were sold at an average price of $61.03, for a total transaction of $585,888.00.
  • On Wednesday, October 18th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $59.16, for a total transaction of $301,716.00.
  • On Tuesday, October 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $56.85, for a total transaction of $289,935.00.
  • On Wednesday, October 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.13, for a total transaction of $582,726.00.
  • On Tuesday, September 26th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $54.55, for a total transaction of $278,205.00.
  • On Wednesday, September 27th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $55.16, for a total transaction of $562,632.00.
  • On Monday, September 11th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.72, for a total transaction of $294,372.00.
  • On Tuesday, September 12th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.41, for a total transaction of $585,582.00.
  • On Wednesday, August 30th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.40, for a total transaction of $292,740.00.
  • On Thursday, August 31st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.95, for a total transaction of $591,090.00.

Shares of Veeva Systems Inc. (NYSE VEEV) traded down $0.01 on Friday, hitting $61.13. 807,586 shares of the company’s stock were exchanged, compared to its average volume of 1,308,754. Veeva Systems Inc. has a 1-year low of $40.50 and a 1-year high of $68.07. The firm has a market capitalization of $8,600.00, a PE ratio of 103.03, a PEG ratio of 4.98 and a beta of 1.64.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The business had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. sell-side analysts anticipate that Veeva Systems Inc. will post 0.65 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in VEEV. Americafirst Capital Management LLC purchased a new position in shares of Veeva Systems in the third quarter valued at approximately $630,000. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Veeva Systems in the third quarter valued at approximately $344,000. Neuberger Berman Group LLC purchased a new position in shares of Veeva Systems in the third quarter valued at approximately $13,164,000. California Public Employees Retirement System boosted its stake in shares of Veeva Systems by 8.3% in the third quarter. California Public Employees Retirement System now owns 214,929 shares of the technology company’s stock valued at $12,124,000 after purchasing an additional 16,429 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Veeva Systems by 6.5% in the third quarter. Janney Montgomery Scott LLC now owns 99,094 shares of the technology company’s stock valued at $5,590,000 after purchasing an additional 6,052 shares during the period. Institutional investors and hedge funds own 71.39% of the company’s stock.

Several equities research analysts recently issued reports on the stock. JMP Securities restated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Saturday, August 26th. Zacks Investment Research cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Needham & Company LLC restated a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective on shares of Veeva Systems in a research report on Friday, October 13th. Finally, Canaccord Genuity restated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report 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 company’s stock. The company has an average rating of “Buy” and an average price target of $65.75.

About Veeva Systems

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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