Veeva Systems Inc. (NYSE:VEEV) EVP Sells $184,590.12 in Stock

Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 694 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $265.98, for a total transaction of $184,590.12. Following the completion of the sale, the executive vice president now owns 3,291 shares of the company’s stock, valued at $875,340.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, March 10th, Alan Mateo sold 2,347 shares of Veeva Systems stock. The shares were sold at an average price of $256.74, for a total transaction of $602,568.78.
  • On Friday, February 5th, Alan Mateo sold 2,666 shares of Veeva Systems stock. The shares were sold at an average price of $290.21, for a total transaction of $773,699.86.
  • On Monday, January 11th, Alan Mateo sold 2,347 shares of Veeva Systems stock. The shares were sold at an average price of $288.54, for a total transaction of $677,203.38.
  • On Tuesday, January 5th, Alan Mateo sold 2,666 shares of Veeva Systems stock. The shares were sold at an average price of $270.02, for a total transaction of $719,873.32.

Shares of NYSE:VEEV opened at $260.38 on Thursday. The company has a fifty day simple moving average of $270.06 and a 200 day simple moving average of $279.14. The firm has a market cap of $39.44 billion, a PE ratio of 121.67, a price-to-earnings-growth ratio of 9.41 and a beta of 0.84. Veeva Systems Inc. has a 12-month low of $152.24 and a 12-month high of $325.54.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Monday, March 1st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. Veeva Systems had a net margin of 24.88% and a return on equity of 15.73%. The business had revenue of $396.80 million during the quarter, compared to analyst estimates of $380.20 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 27.4% compared to the same quarter last year. As a group, analysts forecast that Veeva Systems Inc. will post 1.95 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in VEEV. Cetera Advisor Networks LLC increased its stake in Veeva Systems by 19.4% during the third quarter. Cetera Advisor Networks LLC now owns 2,434 shares of the technology company’s stock valued at $684,000 after purchasing an additional 396 shares during the last quarter. Truist Financial Corp increased its stake in Veeva Systems by 37.0% during the third quarter. Truist Financial Corp now owns 55,692 shares of the technology company’s stock valued at $15,660,000 after purchasing an additional 15,028 shares during the last quarter. Wetherby Asset Management Inc. bought a new stake in Veeva Systems during the third quarter valued at $332,000. Castleark Management LLC increased its stake in Veeva Systems by 22.1% during the third quarter. Castleark Management LLC now owns 3,430 shares of the technology company’s stock valued at $964,000 after purchasing an additional 620 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in Veeva Systems by 16.9% during the third quarter. Engineers Gate Manager LP now owns 8,887 shares of the technology company’s stock valued at $2,499,000 after purchasing an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

A number of brokerages have weighed in on VEEV. KeyCorp lifted their price target on shares of Veeva Systems from $332.00 to $353.00 and gave the company an “overweight” rating in a research report on Wednesday, February 17th. Citigroup lifted their price target on shares of Veeva Systems from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Wednesday, March 10th. SVB Leerink lifted their price target on shares of Veeva Systems from $282.00 to $294.00 and gave the company a “market perform” rating in a research report on Tuesday, March 9th. Raymond James reaffirmed a “buy” rating on shares of Veeva Systems in a research report on Wednesday, March 31st. Finally, Needham & Company LLC boosted their target price on shares of Veeva Systems from $327.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday, March 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $299.04.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, commercial data warehouse, allocation and alignment applications, master data management application, and data and services; and Veeva Vault, a cloud-based enterprise content and data 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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Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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