Veeva Systems Inc. (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 425 shares of Veeva Systems stock in a transaction dated Wednesday, June 16th. The stock was sold at an average price of $301.06, for a total transaction of $127,950.50. Following the transaction, the chief marketing officer now directly owns 9,144 shares of the company's stock, valued at $2,752,892.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Eleni Nitsa Zuppas also recently made the following trade(s):
- On Monday, April 5th, Eleni Nitsa Zuppas sold 352 shares of Veeva Systems stock. The stock was sold at an average price of $265.98, for a total transaction of $93,624.96.
Shares of NYSE VEEV traded up $7.46 during trading hours on Thursday, hitting $305.36. 605,375 shares of the stock were exchanged, compared to its average volume of 892,205. The firm has a market capitalization of $46.70 billion, a P/E ratio of 120.70, a PEG ratio of 7.67 and a beta of 0.74. The firm's fifty day simple moving average is $274.39. Veeva Systems Inc. has a 12 month low of $225.85 and a 12 month high of $325.54.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, May 26th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. The firm had revenue of $433.57 million during the quarter, compared to analyst estimates of $410.07 million. Veeva Systems had a net margin of 26.19% and a return on equity of 16.40%. Veeva Systems's revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. On average, research analysts predict that Veeva Systems Inc. will post 2.46 EPS for the current fiscal year.
VEEV has been the subject of a number of recent analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of Veeva Systems from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, May 28th. Truist lifted their price target on shares of Veeva Systems from $320.00 to $355.00 in a research note on Wednesday, March 3rd. Barclays lifted their price target on shares of Veeva Systems from $310.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Friday, May 28th. SVB Leerink lifted their price objective on shares of Veeva Systems from $282.00 to $294.00 and gave the company a "market perform" rating in a report on Wednesday, March 3rd. Finally, Citigroup lifted their price objective on shares of Veeva Systems from $335.00 to $340.00 and gave the company a "buy" rating in a report on Friday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and a consensus target price of $311.65.
A number of large investors have recently added to or reduced their stakes in the business. Dohj LLC grew its position in Veeva Systems by 3.8% during the 4th quarter. Dohj LLC now owns 929 shares of the technology company's stock worth $269,000 after purchasing an additional 34 shares during the last quarter. Hengehold Capital Management LLC grew its position in Veeva Systems by 2.3% during the 4th quarter. Hengehold Capital Management LLC now owns 1,711 shares of the technology company's stock worth $466,000 after purchasing an additional 38 shares during the last quarter. Intrust Bank NA grew its position in Veeva Systems by 2.4% during the 1st quarter. Intrust Bank NA now owns 1,657 shares of the technology company's stock worth $433,000 after purchasing an additional 39 shares during the last quarter. Quilter Plc grew its position in Veeva Systems by 4.8% during the 1st quarter. Quilter Plc now owns 877 shares of the technology company's stock worth $229,000 after purchasing an additional 40 shares during the last quarter. Finally, PFG Advisors grew its position in Veeva Systems by 5.1% during the 1st quarter. PFG Advisors now owns 840 shares of the technology company's stock worth $219,000 after purchasing an additional 41 shares during the last quarter. 77.55% of the stock is currently owned by institutional investors.
Veeva Systems Company Profile
Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva Andi, Veeva OpenData, Veeva Link, Veeva Network Customer Master, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Doctors; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, as well as research and development functions, such as clinical, regulatory, quality, and safety.
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