Veeva Systems Inc (VEEV) Insider Eleni Nitsa Zuppas Sells 10,000 Shares

Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $49.03, for a total transaction of $490,300.00. Following the transaction, the insider now owns 22,349 shares in the company, valued at $1,095,771.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Friday, March 3rd, Eleni Nitsa Zuppas sold 1,066 shares of Veeva Systems stock. The shares were sold at an average price of $43.85, for a total transaction of $46,744.10.

Shares of Veeva Systems Inc (NYSE:VEEV) traded down 0.28% on Monday, hitting $49.65. 1,605,903 shares of the stock traded hands. The firm has a 50 day moving average price of $44.36 and a 200 day moving average price of $41.98. Veeva Systems Inc has a 52-week low of $23.88 and a 52-week high of $50.75. The firm has a market cap of $6.77 billion, a PE ratio of 105.64 and a beta of 1.67.

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

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A number of brokerages have commented on VEEV. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, November 29th. KeyCorp increased their price target on shares of Veeva Systems from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, November 23rd. Deutsche Bank AG increased their price target on shares of Veeva Systems from $36.00 to $44.00 and gave the company a “hold” rating in a research report on Wednesday, November 23rd. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target on shares of Veeva Systems in a research report on Saturday, November 26th. Finally, Evercore ISI reiterated a “buy” rating and set a $47.00 price target (up from $45.00) on shares of Veeva Systems in a research report on Saturday, November 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Veeva Systems currently has an average rating of “Buy” and a consensus price target of $46.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. increased its position in shares of Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the company’s stock worth $115,000 after buying an additional 1,421 shares during the period. FineMark National Bank & Trust increased its position in shares of Veeva Systems by 0.3% in the third quarter. FineMark National Bank & Trust now owns 3,068 shares of the company’s stock worth $127,000 after buying an additional 8 shares during the period. Huntington National Bank increased its position in shares of Veeva Systems by 6.8% in the third quarter. Huntington National Bank now owns 3,172 shares of the company’s stock worth $131,000 after buying an additional 202 shares during the period. Thompson Davis & CO. Inc. bought a new position in shares of Veeva Systems during the third quarter worth about $215,000. Finally, Riverhead Capital Management LLC bought a new position in shares of Veeva Systems during the third quarter worth about $215,000. Institutional investors own 66.72% of the company’s stock.

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.

5 Day Chart for NYSE:VEEV

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