Veeva Systems Inc. (NYSE:VEEV - Get Free Report) Director Priscilla Hung sold 171 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $284.40, for a total value of $48,632.40. Following the transaction, the director directly owned 3,966 shares in the company, valued at $1,127,930.40. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Priscilla Hung also recently made the following trade(s):
- On Thursday, July 3rd, Priscilla Hung sold 172 shares of Veeva Systems stock. The shares were sold at an average price of $283.00, for a total value of $48,676.00.
Veeva Systems Stock Down 0.1%
VEEV traded down $0.22 during midday trading on Thursday, hitting $284.14. 537,826 shares of the company were exchanged, compared to its average volume of 1,163,784. The firm's 50 day moving average price is $264.32 and its 200-day moving average price is $238.57. Veeva Systems Inc. has a 1-year low of $177.41 and a 1-year high of $291.69. The firm has a market capitalization of $46.43 billion, a P/E ratio of 60.22, a P/E/G ratio of 2.22 and a beta of 0.98.
Veeva Systems (NYSE:VEEV - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.23. Veeva Systems had a return on equity of 13.96% and a net margin of 27.34%. The firm had revenue of $759.04 million during the quarter, compared to analyst estimates of $728.38 million. During the same period last year, the company posted $1.50 EPS. The business's quarterly revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Piper Sandler raised their price objective on Veeva Systems from $255.00 to $325.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised their price objective on Veeva Systems from $218.00 to $249.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Wall Street Zen upgraded Veeva Systems from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Truist Financial increased their target price on Veeva Systems from $217.00 to $230.00 and gave the stock a "hold" rating in a research note on Thursday, May 29th. Finally, Wells Fargo & Company increased their target price on Veeva Systems from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $271.04.
Get Our Latest Research Report on Veeva Systems
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Veeva Systems by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,760,566 shares of the technology company's stock valued at $3,418,990,000 after buying an additional 315,421 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Veeva Systems by 10.7% in the first quarter. Alliancebernstein L.P. now owns 5,499,651 shares of the technology company's stock valued at $1,273,884,000 after purchasing an additional 532,269 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Veeva Systems by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,203,867 shares of the technology company's stock worth $1,205,372,000 after acquiring an additional 34,169 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Veeva Systems by 20.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company's stock worth $924,754,000 after acquiring an additional 689,700 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of Veeva Systems in the fourth quarter worth $685,355,000. 88.20% of the stock is owned by institutional investors.
Veeva Systems Company Profile
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Get Free Report)
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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