Veeva Systems Inc (NYSE:VEEV) Director Timothy C. Barabe sold 1,993 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $78.16, for a total transaction of $155,772.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Veeva Systems Inc (VEEV) traded down $0.51 during trading hours on Friday, reaching $77.18. 2,510,000 shares of the company’s stock were exchanged, compared to its average volume of 1,440,000. The firm has a market capitalization of $10,840.00, a PE ratio of 83.89, a price-to-earnings-growth ratio of 4.67 and a beta of 1.46. Veeva Systems Inc has a 1-year low of $44.51 and a 1-year high of $78.28.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The business had revenue of $176.10 million during the quarter, compared to analysts’ expectations of $171.99 million. Veeva Systems had a net margin of 20.71% and a return on equity of 12.30%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. equities research analysts expect that Veeva Systems Inc will post 0.98 earnings per share for the current fiscal year.
VEEV has been the subject of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Wednesday, December 6th. Morgan Stanley upgraded shares of Veeva Systems from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 30th. DA Davidson initiated coverage on shares of Veeva Systems in a research report on Friday, February 2nd. They set a “buy” rating and a $75.00 price objective for the company. Zacks Investment Research cut shares of Veeva Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Vetr upgraded shares of Veeva Systems from a “buy” rating to a “strong-buy” rating and set a $61.05 price objective for the company in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Veeva Systems currently has an average rating of “Buy” and a consensus target price of $71.47.
TRADEMARK VIOLATION NOTICE: This piece was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3253801/timothy-c-barabe-sells-1993-shares-of-veeva-systems-inc-veev-stock.html.
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.
Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.