Veeva Systems (NYSE:VEEV) Insider Sells $231,430.00 in Stock

Veeva Systems Inc. (NYSE:VEEV) insider Thomas Schwenger sold 1,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Veeva Systems Stock Up 0.1%

Shares of VEEV traded up $0.27 during trading hours on Thursday, reaching $219.13. The stock had a trading volume of 2,677,963 shares, compared to its average volume of 1,845,151. The company has a market cap of $36.02 billion, a P/E ratio of 42.63, a P/E/G ratio of 1.69 and a beta of 1.07. The firm has a 50-day moving average of $242.93 and a 200 day moving average of $269.89. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. The company had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. As a group, equities analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems declared that its board has approved a stock repurchase plan on Monday, January 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Veeva Systems

Several large investors have recently bought and sold shares of the business. Rockland Trust Co. lifted its stake in shares of Veeva Systems by 19.8% in the 4th quarter. Rockland Trust Co. now owns 119,208 shares of the technology company’s stock worth $26,611,000 after purchasing an additional 19,703 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Veeva Systems by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,803 shares of the technology company’s stock worth $9,834,000 after purchasing an additional 974 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in Veeva Systems by 1.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 59,268 shares of the technology company’s stock valued at $13,230,000 after purchasing an additional 868 shares in the last quarter. Private Advisory Group LLC bought a new stake in Veeva Systems during the fourth quarter valued at about $229,000. Finally, Trust Co. of Oklahoma increased its holdings in Veeva Systems by 22.2% in the 4th quarter. Trust Co. of Oklahoma now owns 1,154 shares of the technology company’s stock worth $258,000 after acquiring an additional 210 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VEEV. Wells Fargo & Company cut their target price on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Citigroup reduced their price objective on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a research report on Monday, November 24th. BTIG Research restated a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a research note on Friday, November 21st. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Veeva Systems in a research note on Tuesday, November 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $308.04.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.