Eleni Nitsa Zuppas Sells 3,000 Shares of Veeva Systems Inc (NYSE:VEEV) Stock

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Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $161.08, for a total value of $483,240.00. Following the transaction, the insider now owns 13,498 shares of the company’s stock, valued at $2,174,257.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Wednesday, July 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $172.51, for a total value of $517,530.00.
  • On Tuesday, July 2nd, Eleni Nitsa Zuppas sold 235 shares of Veeva Systems stock. The stock was sold at an average price of $163.47, for a total value of $38,415.45.
  • On Monday, June 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $165.90, for a total value of $497,700.00.
  • On Tuesday, June 4th, Eleni Nitsa Zuppas sold 5,180 shares of Veeva Systems stock. The stock was sold at an average price of $154.66, for a total value of $801,138.80.

Shares of NYSE VEEV opened at $158.60 on Friday. Veeva Systems Inc has a 52-week low of $79.26 and a 52-week high of $176.90. The firm has a fifty day moving average of $166.48 and a 200-day moving average of $142.69. The stock has a market capitalization of $23.42 billion, a PE ratio of 127.90, a P/E/G ratio of 8.08 and a beta of 1.39. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.01.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). Veeva Systems had a net margin of 28.41% and a return on equity of 17.61%. The company had revenue of $244.75 million for the quarter, compared to analysts’ expectations of $238.69 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. Equities research analysts expect that Veeva Systems Inc will post 1.6 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in VEEV. BlackRock Inc. grew its stake in shares of Veeva Systems by 16.3% during the 2nd quarter. BlackRock Inc. now owns 8,770,784 shares of the technology company’s stock valued at $1,421,833,000 after buying an additional 1,231,904 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Veeva Systems by 260.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,328,118 shares of the technology company’s stock valued at $215,301,000 after buying an additional 959,268 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Veeva Systems by 2,101.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 933,268 shares of the technology company’s stock valued at $151,292,000 after buying an additional 890,867 shares during the period. AQR Capital Management LLC grew its stake in shares of Veeva Systems by 41.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,958,283 shares of the technology company’s stock valued at $311,054,000 after buying an additional 569,097 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Veeva Systems by 420.9% during the 2nd quarter. Invesco Ltd. now owns 662,832 shares of the technology company’s stock valued at $107,452,000 after buying an additional 535,581 shares during the period. 77.50% of the stock is owned by institutional investors.

Several research firms have commented on VEEV. KeyCorp lifted their target price on shares of Veeva Systems from $133.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Morgan Stanley cut shares of Veeva Systems from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $126.00 to $144.00 in a research note on Friday, May 24th. Stifel Nicolaus lifted their target price on shares of Veeva Systems from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Canaccord Genuity lifted their target price on shares of Veeva Systems from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Finally, Deutsche Bank lifted their target price on shares of Veeva Systems from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Veeva Systems currently has an average rating of “Buy” and an average target price of $149.94.

Veeva Systems Company Profile

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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Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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