Curi RMB Capital LLC Has $261,000 Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

Curi RMB Capital LLC trimmed its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 66.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,240 shares of the technology company's stock after selling 2,408 shares during the period. Curi RMB Capital LLC's holdings in Veeva Systems were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VEEV. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Veeva Systems by 72.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock worth $25,000 after acquiring an additional 50 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Veeva Systems in the 4th quarter worth about $25,000. Smithfield Trust Co increased its holdings in shares of Veeva Systems by 145.5% in the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock worth $27,000 after acquiring an additional 80 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Veeva Systems in the 4th quarter worth about $31,000. Finally, Avion Wealth increased its holdings in shares of Veeva Systems by 635.0% in the 4th quarter. Avion Wealth now owns 147 shares of the technology company's stock worth $30,000 after acquiring an additional 127 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Thomas D. Schwenger sold 1,200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $220.97, for a total value of $265,164.00. Following the completion of the sale, the insider now owns 25,889 shares in the company, valued at approximately $5,720,692.33. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan Faddis sold 787 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $226.20, for a total transaction of $178,019.40. Following the completion of the sale, the senior vice president now owns 8,668 shares of the company's stock, valued at approximately $1,960,701.60. The trade was a 8.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,869 shares of company stock worth $1,284,917. Corporate insiders own 10.50% of the company's stock.

Veeva Systems Stock Performance

Shares of NYSE VEEV traded down $0.21 during mid-day trading on Friday, reaching $227.50. The company had a trading volume of 654,852 shares, compared to its average volume of 1,073,390. Veeva Systems Inc. has a twelve month low of $170.25 and a twelve month high of $258.93. The stock has a market capitalization of $37.01 billion, a PE ratio of 56.17, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The stock's 50 day moving average is $225.97 and its 200-day moving average is $224.10.

Analyst Ratings Changes

Several equities analysts have commented on VEEV shares. StockNews.com raised shares of Veeva Systems from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Stephens restated an "overweight" rating and set a $280.00 price target on shares of Veeva Systems in a research report on Thursday, March 6th. Piper Sandler dropped their price target on shares of Veeva Systems from $290.00 to $255.00 and set an "overweight" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Veeva Systems from $218.00 to $249.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, KeyCorp dropped their price target on shares of Veeva Systems from $260.00 to $250.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.92.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.