Veeva Systems Inc. (NYSE:VEEV – Get Free Report) SVP Jonathan Faddis sold 3,598 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $207.42, for a total value of $746,297.16. Following the sale, the senior vice president now owns 10,668 shares of the company’s stock, valued at approximately $2,212,756.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Veeva Systems Price Performance
NYSE VEEV opened at $199.52 on Friday. The business has a fifty day moving average price of $221.54 and a two-hundred day moving average price of $202.82. Veeva Systems Inc. has a fifty-two week low of $160.21 and a fifty-two week high of $236.90. The stock has a market capitalization of $32.19 billion, a PE ratio of 61.96, a PEG ratio of 2.02 and a beta of 0.74.
Veeva Systems (NYSE:VEEV – Get Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.11. The firm had revenue of $630.62 million during the quarter, compared to analysts’ expectations of $620.75 million. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. As a group, sell-side analysts expect that Veeva Systems Inc. will post 4.11 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Report on Veeva Systems
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in shares of Veeva Systems by 703.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,594 shares of the technology company’s stock worth $3,002,000 after buying an additional 13,654 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Veeva Systems by 5.2% during the fourth quarter. Nordea Investment Management AB now owns 163,247 shares of the technology company’s stock worth $31,730,000 after buying an additional 8,007 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Veeva Systems by 13.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 49,140 shares of the technology company’s stock worth $9,460,000 after buying an additional 5,674 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Veeva Systems during the fourth quarter worth $2,668,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Veeva Systems by 26.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 98,377 shares of the technology company’s stock worth $18,953,000 after buying an additional 20,488 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.
Veeva Systems Company Profile
Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.
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