Veeva Systems Inc (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock in a transaction on Friday, January 10th. The stock was sold at an average price of $146.72, for a total transaction of $440,160.00. Following the transaction, the chief marketing officer now directly owns 14,789 shares in the company, valued at $2,169,842.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Eleni Nitsa Zuppas also recently made the following trade(s):
- On Friday, January 3rd, Eleni Nitsa Zuppas sold 276 shares of Veeva Systems stock. The shares were sold at an average price of $141.16, for a total transaction of $38,960.16.
- On Friday, December 6th, Eleni Nitsa Zuppas sold 5,000 shares of Veeva Systems stock. The shares were sold at an average price of $144.99, for a total transaction of $724,950.00.
- On Tuesday, December 3rd, Eleni Nitsa Zuppas sold 264 shares of Veeva Systems stock. The stock was sold at an average price of $140.44, for a total value of $37,076.16.
- On Monday, November 11th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $143.12, for a total value of $429,360.00.
VEEV opened at $147.78 on Wednesday. The company has a market capitalization of $21.62 billion, a price-to-earnings ratio of 119.18, a P/E/G ratio of 4.05 and a beta of 1.17. The business’s 50-day moving average price is $144.52 and its two-hundred day moving average price is $153.26. Veeva Systems Inc has a 1 year low of $97.60 and a 1 year high of $176.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.40 and a quick ratio of 5.40.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. The company had revenue of $280.90 million during the quarter, compared to analysts’ expectations of $274.81 million. Veeva Systems had a return on equity of 17.56% and a net margin of 29.86%. Veeva Systems’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Sell-side analysts anticipate that Veeva Systems Inc will post 1.64 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in VEEV. Eaton Vance Management lifted its position in shares of Veeva Systems by 0.3% in the second quarter. Eaton Vance Management now owns 28,277 shares of the technology company’s stock worth $4,584,000 after purchasing an additional 90 shares in the last quarter. Allworth Financial LP grew its position in Veeva Systems by 31.3% in the third quarter. Allworth Financial LP now owns 386 shares of the technology company’s stock valued at $59,000 after purchasing an additional 92 shares in the last quarter. Mascoma Wealth Management LLC grew its position in Veeva Systems by 6.7% in the third quarter. Mascoma Wealth Management LLC now owns 1,600 shares of the technology company’s stock valued at $244,000 after purchasing an additional 100 shares in the last quarter. Bath Savings Trust Co increased its stake in Veeva Systems by 4.3% in the 4th quarter. Bath Savings Trust Co now owns 2,450 shares of the technology company’s stock valued at $345,000 after buying an additional 100 shares during the last quarter. Finally, Cerebellum GP LLC increased its stake in Veeva Systems by 5.1% in the 3rd quarter. Cerebellum GP LLC now owns 2,339 shares of the technology company’s stock valued at $129,000 after buying an additional 113 shares during the last quarter. 77.42% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the company. SunTrust Banks set a $180.00 target price on Veeva Systems and gave the company a “buy” rating in a research note on Friday, September 27th. Raymond James raised Veeva Systems from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research report on Thursday, September 26th. Evercore ISI reiterated a “hold” rating and set a $170.00 price objective on shares of Veeva Systems in a report on Thursday, November 28th. Deutsche Bank cut their price objective on Veeva Systems from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. They noted that the move was a valuation call. Finally, Morgan Stanley upgraded Veeva Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $160.00 to $175.00 in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Veeva Systems presently has an average rating of “Buy” and an average target price of $174.28.
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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