Insider Selling: Veeva Systems Inc (VEEV) EVP Sells $76,835.86 in Stock

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 1,181 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $65.06, for a total transaction of $76,835.86. Following the transaction, the executive vice president now owns 7,420 shares in the company, valued at approximately $482,745.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alan Mateo also recently made the following trade(s):

  • On Monday, May 15th, Alan Mateo sold 8,025 shares of Veeva Systems stock. The shares were sold at an average price of $56.57, for a total transaction of $453,974.25.
  • On Monday, April 17th, Alan Mateo sold 10,083 shares of Veeva Systems stock. The shares were sold at an average price of $50.57, for a total transaction of $509,897.31.
  • On Monday, March 20th, Alan Mateo sold 63,433 shares of Veeva Systems stock. The shares were sold at an average price of $49.90, for a total transaction of $3,165,306.70.
  • On Tuesday, March 14th, Alan Mateo sold 5,350 shares of Veeva Systems stock. The shares were sold at an average price of $46.46, for a total transaction of $248,561.00.

Veeva Systems Inc (NYSE VEEV) traded down 0.11% during midday trading on Thursday, hitting $65.05. 936,077 shares of the stock traded hands. The stock has a market capitalization of $8.92 billion, a P/E ratio of 104.75 and a beta of 1.67. The stock’s 50-day moving average price is $58.06 and its 200-day moving average price is $48.40. Veeva Systems Inc has a 52 week low of $32.61 and a 52 week high of $68.07.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, May 25th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.04. Veeva Systems had a net margin of 22.81% and a return on equity of 21.21%. The business had revenue of $157.90 million for the quarter, compared to analysts’ expectations of $151.82 million. During the same period last year, the business earned $0.15 earnings per share. The company’s revenue was up 31.8% on a year-over-year basis. Equities research analysts expect that Veeva Systems Inc will post $0.83 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Veeva Systems by 135.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,809 shares of the technology company’s stock worth $195,000 after buying an additional 2,192 shares during the period. Comerica Bank acquired a new position in shares of Veeva Systems during the first quarter worth about $204,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Veeva Systems during the first quarter worth about $217,000. IFP Advisors Inc boosted its position in shares of Veeva Systems by 26.6% in the first quarter. IFP Advisors Inc now owns 4,329 shares of the technology company’s stock worth $222,000 after buying an additional 909 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Veeva Systems during the first quarter worth about $226,000. 66.72% of the stock is owned by institutional investors.

VEEV has been the topic of several research reports. Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective (up previously from $48.00) on shares of Veeva Systems in a report on Friday, May 26th. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, May 31st. Stifel Nicolaus upped their price objective on shares of Veeva Systems from $60.00 to $67.00 and gave the company a “buy” rating in a report on Saturday, May 27th. Citigroup Inc upped their price objective on shares of Veeva Systems from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, May 30th. Finally, Pacific Crest reiterated an “overweight” rating and set a $70.00 price objective (up previously from $61.00) on shares of Veeva Systems in a report on Sunday, May 28th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.00.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VEEV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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