Veeva Systems Inc (NYSE:VEEV) SVP Frederic Lequient sold 1,395 shares of Veeva Systems stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $98.55, for a total value of $137,477.25. Following the transaction, the senior vice president now directly owns 4,429 shares of the company’s stock, valued at approximately $436,477.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of VEEV opened at $93.00 on Thursday. The stock has a market cap of $13.34 billion, a PE ratio of 101.09, a price-to-earnings-growth ratio of 4.07 and a beta of 1.65. Veeva Systems Inc has a 12-month low of $52.17 and a 12-month high of $109.05.
Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, November 28th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $224.70 million during the quarter, compared to the consensus estimate of $216.04 million. Veeva Systems had a return on equity of 16.20% and a net margin of 23.61%. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. On average, sell-side analysts forecast that Veeva Systems Inc will post 1.19 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of VEEV. Paradigm Asset Management Co. LLC bought a new stake in Veeva Systems in the 3rd quarter worth approximately $125,000. Rockefeller Capital Management L.P. bought a new stake in Veeva Systems in the 3rd quarter worth approximately $134,000. Flagship Harbor Advisors LLC bought a new stake in Veeva Systems in the 2nd quarter worth approximately $149,000. Global Trust Asset Management LLC bought a new stake in Veeva Systems in the 3rd quarter worth approximately $163,000. Finally, Mutual of America Capital Management LLC bought a new stake in Veeva Systems in the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 76.66% 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, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.
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