Trading Report: Today: 52,339 Shares of Stock are sold by Insider Selling: Veeva Systems Inc. (VEEV) EVP

Today: 52,339 Shares of Stock are sold by Insider Selling: Veeva Systems Inc. (VEEV) EVP

Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 52,339 shares of Veeva Systems stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $45.01, for a total value of $2,355,778.39. Following the sale, the executive vice president now owns 6,409 shares of the company’s stock, valued at $288,469.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alan Mateo also recently made the following trade(s): On Friday, October 14th, Alan Mateo sold 657 shares of Veeva Systems stock. The shares were sold at an average price of $38.21, for a total value of $25,103.97. On Wednesday, September 14th, Alan Mateo sold 2,716 shares of Veeva Systems stock. The shares were sold at an average price of $39.90, for a total value of $108,368.40. On Tuesday, September 6th, Alan Mateo sold 44,177 shares of Veeva Systems stock. The shares were sold at an average price of $40.55, for a total value of $1,791,377.35.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 0.15% during midday trading on Monday, reaching $46.34. The company had a trading volume of 1,895,758 shares. The company’s 50 day moving average price is $39.47 and its 200 day moving average price is $37.23. Veeva Systems Inc. has a 52-week low of $19.97 and a 52-week high of $46.98. The stock has a market capitalization of $6.22 billion, a PE ratio of 121.95 and a beta of 1.60.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The business earned $142.80 million during the quarter, compared to analysts’ expectations of $135.67 million. Veeva Systems had a return on equity of 12.84% and a net margin of 12.73%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. Equities research analysts expect that Veeva Systems Inc. will post $0.63 earnings per share for the current year.

Several research firms recently weighed in on VEEV. KeyCorp lifted their price objective on Veeva Systems from $35.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, August 31st. Morgan Stanley restated a “buy” rating and issued a $44.00 price objective on shares of Veeva Systems in a report on Tuesday, August 16th. Raymond James Financial Inc. began coverage on Veeva Systems in a report on Wednesday, August 24th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Veeva Systems from a “buy” rating to a “hold” rating in a report on Monday, September 5th. Finally, Stifel Nicolaus lifted their price objective on Veeva Systems from $43.00 to $45.00 and gave the company a “buy” rating in a report on Friday, September 30th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.57.

Several hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in Veeva Systems by 48.6% in the first quarter. Envestnet Asset Management Inc. now owns 46,029 shares of the company’s stock valued at $1,153,000 after buying an additional 15,050 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Veeva Systems during the first quarter valued at approximately $982,000. First Republic Investment Management Inc. boosted its stake in Veeva Systems by 54.0% in the first quarter. First Republic Investment Management Inc. now owns 43,730 shares of the company’s stock valued at $1,095,000 after buying an additional 15,335 shares in the last quarter. IBM Retirement Fund acquired a new stake in Veeva Systems during the second quarter valued at approximately $331,000. Finally, Pembroke Management LTD acquired a new stake in Veeva Systems during the second quarter valued at approximately $6,714,000. 69.20% of the stock is owned by institutional investors and hedge funds.

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