Veeva Systems (VEEV) President Matthew J. Wallach Sells 12,000 Shares

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.

How to Become a New Pot Stock Millionaire

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 research analysts recently commented on the stock. JPMorgan Chase lowered shares of Veeva Systems from an “overweight” rating to a “neutral” rating in a research note on Friday, March 9th. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective on the stock in a research note on Wednesday, March 7th. JMP Securities raised their price objective on shares of Veeva Systems from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 23rd. ValuEngine upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, KeyCorp reiterated an “overweight” rating and set a $81.00 price objective (up previously from $70.00) on shares of Veeva Systems in a research note on Friday, March 2nd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $72.23.

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.

ILLEGAL ACTIVITY WARNING: “Veeva Systems (VEEV) President Matthew J. Wallach Sells 12,000 Shares” was reported by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://weekherald.com/2018/04/20/veeva-systems-veev-president-matthew-j-wallach-sells-12000-shares.html.

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.

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

Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply