Calamos Wealth Management LLC Cuts Stock Holdings in Veeva Systems Inc. $VEEV

Key Points

• Calamos Wealth Management LLC has reduced its holdings in Veeva Systems Inc. by 4.6%, owning 22,100 shares valued at approximately $6.36 million after the sale.
• Analysts have given Veeva Systems a consensus rating of "Moderate Buy" with an average price target of $307.58, reflecting confidence in the company's growth potential despite recent earnings misses.
• Corporate insiders have sold a total of 24,665 shares of Veeva Systems stock over the last 90 days, indicating potential concerns about the company's stock performance.

Calamos Wealth Management LLC trimmed its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,100 shares of the technology company's stock after selling 1,074 shares during the period. Calamos Wealth Management LLC's holdings in Veeva Systems were worth $6,364,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in Veeva Systems during the second quarter valued at about $29,000. Abound Financial LLC purchased a new stake in Veeva Systems during the first quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in Veeva Systems during the second quarter valued at about $32,000. ORG Partners LLC purchased a new stake in shares of Veeva Systems during the first quarter worth about $26,000. Finally, Maseco LLP purchased a new stake in shares of Veeva Systems during the second quarter worth about $35,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VEEV shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Veeva Systems in a report on Wednesday, October 8th. Needham & Company LLC reiterated a "buy" rating and set a $355.00 target price on shares of Veeva Systems in a report on Friday. Oppenheimer reiterated an "outperform" rating and set a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. Stifel Nicolaus increased their target price on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of Veeva Systems from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.58.

Veeva Systems Price Performance

Shares of VEEV opened at $283.96 on Friday. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50. The company has a 50-day simple moving average of $283.44 and a two-hundred day simple moving average of $267.01. The firm has a market capitalization of $46.54 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98.

Veeva Systems (NYSE:VEEV - Get Free Report) last announced its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $789.08 million for the quarter, compared to the consensus estimate of $768.49 million. During the same period in the prior year, the business posted $1.62 EPS. Veeva Systems's revenue for the quarter was up 16.7% on a year-over-year basis. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Activity at Veeva Systems

In related news, SVP Jonathan Faddis sold 720 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president owned 7,868 shares of the company's stock, valued at $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares of the company's stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock valued at $7,438,000 over the last 90 days. Corporate insiders own 10.30% of the company's stock.

Veeva Systems Profile

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.

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