Veeva Systems Inc (VEEV) Insider Sells $129,710.56 in Stock
Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 1,253 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $103.52, for a total value of $129,710.56. Following the transaction, the insider now owns 10,151 shares in the company, valued at $1,050,831.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of VEEV opened at $102.07 on Friday. Veeva Systems Inc has a 12-month low of $52.17 and a 12-month high of $105.04. The stock has a market cap of $14.59 billion, a P/E ratio of 110.95, a PEG ratio of 4.80 and a beta of 1.54.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, August 23rd. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $209.60 million for the quarter, compared to the consensus estimate of $203.50 million. Veeva Systems had a return on equity of 14.20% and a net margin of 21.23%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. equities analysts anticipate that Veeva Systems Inc will post 1.1 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VEEV. FDx Advisors Inc. boosted its holdings in Veeva Systems by 37.8% during the first quarter. FDx Advisors Inc. now owns 9,266 shares of the technology company’s stock valued at $677,000 after purchasing an additional 2,542 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Veeva Systems by 26.2% during the first quarter. Daiwa Securities Group Inc. now owns 3,975 shares of the technology company’s stock valued at $290,000 after purchasing an additional 825 shares in the last quarter. Atria Investments LLC acquired a new stake in Veeva Systems during the first quarter valued at approximately $205,000. DekaBank Deutsche Girozentrale boosted its holdings in Veeva Systems by 83.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,254 shares of the technology company’s stock valued at $784,000 after purchasing an additional 4,661 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Veeva Systems by 4.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 144,302 shares of the technology company’s stock valued at $10,537,000 after purchasing an additional 6,219 shares in the last quarter. 76.02% of the stock is currently owned by institutional investors.
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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