Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 555 shares of Veeva Systems stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $103.52, for a total transaction of $57,453.60. Following the transaction, the executive vice president now owns 13,147 shares in the company, valued at $1,360,977.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Alan Mateo also recently made the following trade(s):
- On Monday, August 13th, Alan Mateo sold 46,547 shares of Veeva Systems stock. The shares were sold at an average price of $85.42, for a total transaction of $3,976,044.74.
- On Tuesday, July 17th, Alan Mateo sold 876 shares of Veeva Systems stock. The shares were sold at an average price of $81.32, for a total transaction of $71,236.32.
- On Thursday, June 21st, Alan Mateo sold 23,453 shares of Veeva Systems stock. The shares were sold at an average price of $85.00, for a total transaction of $1,993,505.00.
Shares of VEEV stock traded up $0.44 on Thursday, hitting $101.44. The company’s stock had a trading volume of 29,828 shares, compared to its average volume of 1,179,392. Veeva Systems Inc has a fifty-two week low of $52.17 and a fifty-two week high of $105.04. The firm has a market cap of $14.97 billion, a PE ratio of 110.54, a PEG ratio of 4.93 and a beta of 1.54.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, August 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. Veeva Systems had a net margin of 21.23% and a return on equity of 14.20%. The business had revenue of $209.60 million during the quarter, compared to analyst estimates of $203.50 million. During the same quarter in the previous year, the business earned $0.23 EPS. Veeva Systems’s quarterly revenue was up 24.9% compared to the same quarter last year. sell-side analysts anticipate that Veeva Systems Inc will post 1.1 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. We Are One Seven LLC lifted its stake in shares of Veeva Systems by 147.6% in the 1st quarter. We Are One Seven LLC now owns 1,679 shares of the technology company’s stock valued at $123,000 after purchasing an additional 1,001 shares during the last quarter. Next Century Growth Investors LLC acquired a new stake in shares of Veeva Systems in the 1st quarter valued at $130,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at $149,000. Mutual of America Capital Management LLC acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at $169,000. Finally, Cerebellum GP LLC lifted its stake in shares of Veeva Systems by 1,645.0% in the 2nd quarter. Cerebellum GP LLC now owns 2,251 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,122 shares during the last quarter. 76.02% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. DA Davidson boosted their price target on shares of Veeva Systems to $105.00 and gave the company a “buy” rating in a report on Friday, August 24th. Morgan Stanley boosted their price target on shares of Veeva Systems from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, June 27th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target (up from $90.00) on shares of Veeva Systems in a report on Friday, August 24th. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a report on Wednesday, August 29th. Finally, KeyCorp restated a “buy” rating on shares of Veeva Systems in a report on Thursday, August 23rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $94.29.
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 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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