Veeva Systems Inc (NYSE:VEEV) SVP Sells $67,648.50 in Stock

Veeva Systems Inc (NYSE:VEEV) SVP Jonathan Faddis sold 450 shares of Veeva Systems stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $150.33, for a total transaction of $67,648.50. Following the completion of the transaction, the senior vice president now directly owns 2,323 shares in the company, valued at approximately $349,216.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Faddis also recently made the following trade(s):

  • On Thursday, May 2nd, Jonathan Faddis sold 1,667 shares of Veeva Systems stock. The shares were sold at an average price of $138.10, for a total transaction of $230,212.70.
  • On Tuesday, April 2nd, Jonathan Faddis sold 1,667 shares of Veeva Systems stock. The shares were sold at an average price of $127.29, for a total transaction of $212,192.43.
  • On Monday, March 11th, Jonathan Faddis sold 1,076 shares of Veeva Systems stock. The shares were sold at an average price of $116.24, for a total transaction of $125,074.24.

VEEV traded up $1.60 during trading on Friday, reaching $162.11. 2,241,508 shares of the stock were exchanged, compared to its average volume of 1,912,903. The company has a market cap of $23.64 billion, a PE ratio of 130.73, a P/E/G ratio of 6.57 and a beta of 1.51. Veeva Systems Inc has a twelve month low of $73.47 and a twelve month high of $173.65. The business’s 50 day moving average price is $153.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.73 and a current ratio of 3.73.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.08). The firm had revenue of $244.75 million for the quarter, compared to analyst estimates of $238.69 million. Veeva Systems had a return on equity of 17.61% and a net margin of 28.41%. Veeva Systems’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, equities analysts anticipate that Veeva Systems Inc will post 1.6 EPS for the current year.

Several large investors have recently added to or reduced their stakes in VEEV. FMR LLC grew its stake in shares of Veeva Systems by 5.8% in the first quarter. FMR LLC now owns 6,269,463 shares of the technology company’s stock valued at $795,344,000 after acquiring an additional 342,948 shares in the last quarter. Laurel Wealth Advisors Inc. acquired a new position in shares of Veeva Systems in the first quarter valued at about $264,000. Nordea Investment Management AB grew its stake in shares of Veeva Systems by 3.6% in the first quarter. Nordea Investment Management AB now owns 169,292 shares of the technology company’s stock valued at $21,476,000 after acquiring an additional 5,828 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Veeva Systems by 23.4% in the first quarter. Rehmann Capital Advisory Group now owns 771 shares of the technology company’s stock valued at $98,000 after acquiring an additional 146 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Veeva Systems in the first quarter valued at about $542,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.

VEEV has been the topic of a number of research reports. Bank of America boosted their price objective on shares of Veeva Systems from $160.00 to $192.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Deutsche Bank boosted their price objective on shares of Veeva Systems from $115.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on shares of Veeva Systems from $103.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. DA Davidson boosted their price objective on shares of Veeva Systems to $165.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Veeva Systems from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $147.00.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; 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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