Veeva Systems Inc. (NYSE:VEEV) SVP Jonathan Faddis sold 500 shares of Veeva Systems stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $40.31, for a total value of $20,155.00. Following the completion of the transaction, the senior vice president now owns 2,989 shares in the company, valued at $120,486.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Jonathan Faddis also recently made the following trade(s):
- On Wednesday, September 7th, Jonathan Faddis sold 500 shares of Veeva Systems stock. The stock was sold at an average price of $40.53, for a total value of $20,265.00.
- On Tuesday, September 6th, Jonathan Faddis sold 376 shares of Veeva Systems stock. The stock was sold at an average price of $40.50, for a total value of $15,228.00.
- On Wednesday, August 3rd, Jonathan Faddis sold 500 shares of Veeva Systems stock. The stock was sold at an average price of $37.22, for a total value of $18,610.00.
Veeva Systems Inc. (NYSE:VEEV) opened at 38.99 on Tuesday. Veeva Systems Inc. has a one year low of $19.97 and a one year high of $42.58. The stock has a 50 day moving average price of $40.32 and a 200 day moving average price of $34.21. The firm has a market capitalization of $5.31 billion, a P/E ratio of 105.38 and a beta of 1.58.
Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, August 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Veeva Systems had a net margin of 11.33% and a return on equity of 11.26%. The business earned $131.30 million during the quarter, compared to the consensus estimate of $126.61 million. During the same period last year, the business posted $0.13 EPS. Veeva Systems’s revenue was up 33.8% on a year-over-year basis. On average, equities analysts predict that Veeva Systems Inc. will post $0.60 EPS for the current fiscal year.
A number of equities analysts have recently commented on VEEV shares. Zacks Investment Research lowered Veeva Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Morgan Stanley reiterated a “buy” rating and issued a $44.00 price objective on shares of Veeva Systems in a research note on Tuesday, August 16th. Canaccord Genuity restated a “hold” rating and set a $43.00 price target (up from $35.00) on shares of Veeva Systems in a research note on Monday, August 29th. Goldman Sachs Group Inc. initiated coverage on Veeva Systems in a research note on Tuesday, October 4th. They set a “neutral” rating and a $43.00 price target on the stock. Finally, Citigroup Inc. boosted their price target on Veeva Systems from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, August 23rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Veeva Systems currently has a consensus rating of “Buy” and an average price target of $41.46.
Large investors have recently modified their holdings of the stock. Glenmede Trust Co. NA purchased a new stake in shares of Veeva Systems during the first quarter valued at about $2,003,000. Pacad Investment Ltd. purchased a new stake in shares of Veeva Systems during the first quarter valued at about $821,000. Teachers Advisors Inc. boosted its position in Veeva Systems by 26.6% in the first quarter. Teachers Advisors Inc. now owns 66,421 shares of the company’s stock valued at $1,663,000 after buying an additional 13,946 shares in the last quarter. Franklin Resources Inc. boosted its position in Veeva Systems by 2.7% in the first quarter. Franklin Resources Inc. now owns 513,417 shares of the company’s stock valued at $12,856,000 after buying an additional 13,400 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Veeva Systems by 6.1% in the first quarter. 1832 Asset Management L.P. now owns 153,700 shares of the company’s stock valued at $6,451,000 after buying an additional 8,900 shares in the last quarter. Institutional investors and hedge funds own 70.67% of the company’s stock.
About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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