Veeva Systems (NYSE:VEEV) President Matthew J. Wallach sold 12,000 shares of Veeva Systems stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $74.86, for a total value of $898,320.00. Following the sale, the president now directly owns 12,000 shares in the company, valued at approximately $898,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Veeva Systems stock opened at $74.75 on Friday. The company has a market capitalization of $10,582.35, a price-to-earnings ratio of 81.05, a price-to-earnings-growth ratio of 4.50 and a beta of 1.39. Veeva Systems has a 1 year low of $51.63 and a 1 year high of $78.28.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $184.92 million for the quarter, compared to analyst estimates of $180.13 million. Veeva Systems had a net margin of 20.71% and a return on equity of 11.89%. equities analysts forecast that Veeva Systems will post 0.98 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the business. Fred Alger Management Inc. grew its position in Veeva Systems by 9.1% in the fourth quarter. Fred Alger Management Inc. now owns 1,024,930 shares of the technology company’s stock worth $56,658,000 after buying an additional 85,781 shares during the last quarter. OppenheimerFunds Inc. grew its position in Veeva Systems by 1.7% in the fourth quarter. OppenheimerFunds Inc. now owns 708,052 shares of the technology company’s stock worth $39,141,000 after buying an additional 11,851 shares during the last quarter. Bank of New York Mellon Corp grew its position in Veeva Systems by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 638,077 shares of the technology company’s stock worth $35,273,000 after buying an additional 4,568 shares during the last quarter. Renaissance Technologies LLC grew its position in Veeva Systems by 80.7% in the fourth quarter. Renaissance Technologies LLC now owns 635,200 shares of the technology company’s stock worth $35,114,000 after buying an additional 283,688 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Veeva Systems by 202.7% in the third quarter. Janus Henderson Group PLC now owns 594,544 shares of the technology company’s stock worth $33,538,000 after buying an additional 398,149 shares during the last quarter. Hedge funds and other institutional investors own 73.11% of the company’s stock.
Veeva Systems Company Profile
Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud-based enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality.
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