Callan Family Office LLC Buys 2,898 Shares of Veeva Systems Inc. $VEEV

Key Points

• Callan Family Office LLC increased its holdings in Veeva Systems Inc. by 333.1%, acquiring an additional 2,898 shares, bringing its total holdings to 3,768 shares valued at approximately $1,085,000.
• Insider Thomas D. Schwenger sold 3,350 shares, decreasing his ownership by 12.35%, while SVP Jonathan Faddis sold 14,595 shares, representing a 62.96% decrease in his ownership.
• Veeva Systems reported a 16.7% increase in year-over-year revenue for the last quarter, although it missed EPS estimates, reporting $1.26 per share compared to an estimate of $1.90.

Callan Family Office LLC raised its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 333.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,768 shares of the technology company's stock after purchasing an additional 2,898 shares during the period. Callan Family Office LLC's holdings in Veeva Systems were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Allegiance Financial Group Advisory Services LLC acquired a new position in Veeva Systems during the 2nd quarter valued at about $337,000. Legacy Investment Solutions LLC acquired a new position in Veeva Systems during the 2nd quarter valued at about $32,000. Maryland State Retirement & Pension System lifted its position in Veeva Systems by 4.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 7,174 shares of the technology company's stock valued at $2,066,000 after purchasing an additional 279 shares during the period. Triasima Portfolio Management inc. lifted its position in Veeva Systems by 1.9% during the 2nd quarter. Triasima Portfolio Management inc. now owns 2,958 shares of the technology company's stock valued at $852,000 after purchasing an additional 56 shares during the period. Finally, Shell Asset Management Co. raised its position in shares of Veeva Systems by 16.3% in the 2nd quarter. Shell Asset Management Co. now owns 15,787 shares of the technology company's stock valued at $4,546,000 after acquiring an additional 2,209 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Veeva Systems

In related news, insider Thomas D. Schwenger sold 3,350 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of the transaction, the insider directly owned 23,773 shares of the company's stock, valued at approximately $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Faddis sold 14,595 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares of the company's stock, valued at $2,576,400. This represents a 62.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock valued at $7,438,000 in the last ninety days. 10.30% of the stock is currently owned by corporate insiders.

Veeva Systems Stock Down 3.8%

Shares of VEEV opened at $287.04 on Monday. The stock has a market capitalization of $47.05 billion, a P/E ratio of 58.94, a P/E/G ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The company has a 50 day moving average of $282.91 and a 200-day moving average of $265.25.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Veeva Systems from $285.00 to $310.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Wells Fargo & Company increased their price target on shares of Veeva Systems from $300.00 to $326.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Mizuho increased their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Needham & Company LLC increased their price target on shares of Veeva Systems from $300.00 to $355.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Stifel Nicolaus increased their price target on shares of Veeva Systems from $295.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Veeva Systems has a consensus rating of "Moderate Buy" and an average price target of $307.58.

Veeva Systems Company 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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