Crestwood Advisors Group LLC Sells 284 Shares of Veeva Systems Inc. $VEEV

Crestwood Advisors Group LLC trimmed its position in Veeva Systems Inc. (NYSE:VEEV) by 16.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,406 shares of the technology company’s stock after selling 284 shares during the period. Crestwood Advisors Group LLC’s holdings in Veeva Systems were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FWG Holdings LLC purchased a new stake in shares of Veeva Systems during the 2nd quarter valued at $581,000. J. W. Coons Advisors LLC acquired a new position in Veeva Systems during the 2nd quarter valued at about $1,056,000. Prosperity Consulting Group LLC purchased a new stake in Veeva Systems in the second quarter valued at about $334,000. Bryce Point Capital LLC purchased a new stake in Veeva Systems in the second quarter valued at about $837,000. Finally, Machina Capital S.A.S. acquired a new stake in Veeva Systems in the second quarter worth about $810,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VEEV has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Veeva Systems from $285.00 to $310.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Stifel Nicolaus upped their price target on shares of Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Canaccord Genuity Group raised their price target on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Wells Fargo & Company boosted their price objective on shares of Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $355.00 target price on shares of Veeva Systems in a research report on Friday, October 17th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.58.

Insider Buying and Selling at Veeva Systems

In related news, SVP Jonathan Faddis sold 14,595 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the sale, the senior vice president directly owned 8,588 shares of the company’s stock, valued at $2,576,400. This trade represents a 62.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the transaction, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. Insiders own 10.30% of the company’s stock.

Veeva Systems Trading Up 1.4%

Shares of NYSE VEEV opened at $295.23 on Friday. The company has a 50 day simple moving average of $286.40 and a two-hundred day simple moving average of $274.85. The stock has a market cap of $48.39 billion, a price-to-earnings ratio of 60.62, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50.

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

Veeva Systems 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.