Veeva Systems (NYSE:VEEV) EVP Alan Mateo sold 603 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $72.59, for a total value of $43,771.77. Following the completion of the sale, the executive vice president now owns 11,221 shares in the company, valued at $814,532.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alan Mateo also recently made the following trade(s):
- On Friday, March 2nd, Alan Mateo sold 340 shares of Veeva Systems stock. The shares were sold at an average price of $69.45, for a total value of $23,613.00.
NYSE:VEEV opened at $74.87 on Thursday. The company has a market capitalization of $10,158.32, a price-to-earnings ratio of 81.38, a price-to-earnings-growth ratio of 4.32 and a beta of 1.39. Veeva Systems has a 12-month low of $50.43 and a 12-month high of $78.28.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $184.92 million for the quarter, compared to analyst estimates of $180.13 million. Veeva Systems had a return on equity of 11.89% and a net margin of 20.71%. equities research analysts forecast that Veeva Systems will post 0.98 EPS for the current fiscal year.
Several research firms recently issued reports on VEEV. Morgan Stanley upgraded Veeva Systems from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 30th. DA Davidson began coverage on Veeva Systems in a report on Friday, February 2nd. They set a “buy” rating and a $75.00 target price on the stock. Zacks Investment Research lowered Veeva Systems from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Vetr upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating and set a $61.05 target price on the stock in a report on Thursday, February 8th. Finally, William Blair reiterated an “outperform” rating on shares of Veeva Systems in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Veeva Systems has a consensus rating of “Buy” and a consensus target price of $72.23.
Large investors have recently added to or reduced their stakes in the business. Swiss National Bank raised its stake in Veeva Systems by 0.9% in the fourth quarter. Swiss National Bank now owns 399,700 shares of the technology company’s stock valued at $22,095,000 after buying an additional 3,700 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Veeva Systems by 10.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 368,354 shares of the technology company’s stock valued at $20,363,000 after buying an additional 35,626 shares during the period. AMP Capital Investors Ltd raised its stake in Veeva Systems by 42.0% in the fourth quarter. AMP Capital Investors Ltd now owns 58,074 shares of the technology company’s stock valued at $3,210,000 after buying an additional 17,180 shares during the period. M&T Bank Corp raised its stake in Veeva Systems by 24.0% in the fourth quarter. M&T Bank Corp now owns 26,355 shares of the technology company’s stock valued at $1,458,000 after buying an additional 5,093 shares during the period. Finally, Xact Kapitalforvaltning AB raised its stake in Veeva Systems by 7.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 18,061 shares of the technology company’s stock valued at $998,000 after buying an additional 1,296 shares during the period. Hedge funds and other institutional investors own 73.11% of the company’s stock.
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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, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud-based enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality.
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