Alan Mateo Sells 701 Shares of Veeva Systems Inc (VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 701 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.85, for a total value of $41,253.85. Following the completion of the sale, the executive vice president now owns 9,512 shares of the company’s stock, valued at $559,781.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alan Mateo also recently made the following trade(s):

  • On Monday, December 4th, Alan Mateo sold 532 shares of Veeva Systems stock. The shares were sold at an average price of $58.11, for a total value of $30,914.52.

Veeva Systems Inc (NYSE VEEV) opened at $57.53 on Friday. The company has a market capitalization of $8,074.93, a price-to-earnings ratio of 66.90, a P/E/G ratio of 4.64 and a beta of 1.60. Veeva Systems Inc has a 52 week low of $41.30 and a 52 week high of $68.07.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09. The firm had revenue of $176.10 million during the quarter, compared to the consensus estimate of $171.99 million. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. sell-side analysts forecast that Veeva Systems Inc will post 0.68 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Veeva Systems by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 9,125,993 shares of the technology company’s stock worth $559,515,000 after buying an additional 290,865 shares during the last quarter. BlackRock Inc. grew its stake in Veeva Systems by 44.9% during the 2nd quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock worth $356,379,000 after buying an additional 1,801,439 shares during the last quarter. FMR LLC grew its stake in Veeva Systems by 50.9% during the 2nd quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock worth $211,912,000 after buying an additional 1,166,372 shares during the last quarter. First Trust Advisors LP grew its stake in Veeva Systems by 6.1% during the 3rd quarter. First Trust Advisors LP now owns 2,212,827 shares of the technology company’s stock worth $124,826,000 after buying an additional 126,869 shares during the last quarter. Finally, State Street Corp grew its stake in Veeva Systems by 52.1% during the 2nd quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock worth $113,851,000 after buying an additional 635,842 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

A number of brokerages have recently weighed in on VEEV. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a report on Wednesday, December 6th. Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price target on shares of Veeva Systems in a report on Friday, October 13th. Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Finally, BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.45.

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About Veeva Systems

Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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