Insider Selling: Veeva Systems (NYSE:VEEV) Insider Sells $1,839,720.00 in Stock

Veeva Systems Inc. (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Veeva Systems Stock Down 3.8%

Veeva Systems stock opened at $287.04 on Friday. The firm has a 50-day moving average price of $282.91 and a two-hundred day moving average price of $265.06. The firm has a market capitalization of $47.05 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). The firm had revenue of $789.08 million for the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Research analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Institutional Trading of Veeva Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Abound Financial LLC bought a new stake in shares of Veeva Systems in the 1st quarter worth approximately $25,000. ORG Partners LLC bought a new stake in shares of Veeva Systems in the 1st quarter worth approximately $26,000. Trust Co. of Toledo NA OH bought a new stake in shares of Veeva Systems in the 2nd quarter worth approximately $29,000. Golden State Wealth Management LLC raised its holdings in shares of Veeva Systems by 152.9% in the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Veeva Systems during the first quarter valued at approximately $32,000. 88.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VEEV. Canaccord Genuity Group boosted their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Citigroup boosted their price target on shares of Veeva Systems from $329.00 to $349.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Mizuho boosted their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Truist Financial boosted their price target on shares of Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Finally, Piper Sandler boosted their price target on shares of Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

About Veeva Systems

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.