Jonathan Faddis Sells 1,076 Shares of Veeva Systems Inc (VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) SVP Jonathan Faddis sold 1,076 shares of Veeva Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $116.24, for a total transaction of $125,074.24. Following the sale, the senior vice president now directly owns 1,380 shares of the company’s stock, valued at approximately $160,411.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jonathan Faddis also recently made the following trade(s):

  • On Monday, March 4th, Jonathan Faddis sold 1,666 shares of Veeva Systems stock. The stock was sold at an average price of $121.20, for a total transaction of $201,919.20.
  • On Monday, February 4th, Jonathan Faddis sold 1,667 shares of Veeva Systems stock. The stock was sold at an average price of $113.95, for a total transaction of $189,954.65.
  • On Friday, January 4th, Jonathan Faddis sold 27,760 shares of Veeva Systems stock. The stock was sold at an average price of $90.14, for a total transaction of $2,502,286.40.
  • On Monday, December 24th, Jonathan Faddis sold 2,000 shares of Veeva Systems stock. The stock was sold at an average price of $80.15, for a total transaction of $160,300.00.
  • On Monday, December 17th, Jonathan Faddis sold 9,000 shares of Veeva Systems stock. The stock was sold at an average price of $88.24, for a total transaction of $794,160.00.

NYSE VEEV traded up $0.38 during trading on Friday, reaching $122.70. The company’s stock had a trading volume of 185,464 shares, compared to its average volume of 1,410,289. The company has a market capitalization of $17.78 billion, a P/E ratio of 98.95, a P/E/G ratio of 5.24 and a beta of 1.72. Veeva Systems Inc has a 12 month low of $68.11 and a 12 month high of $124.00.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, February 26th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $232.32 million during the quarter, compared to analysts’ expectations of $227.15 million. Veeva Systems had a net margin of 26.66% and a return on equity of 17.65%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. As a group, research analysts forecast that Veeva Systems Inc will post 1.54 earnings per share for the current fiscal year.

VEEV has been the subject of several research analyst reports. KeyCorp lifted their target price on shares of Veeva Systems from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, November 29th. JMP Securities boosted their price objective on shares of Veeva Systems to $108.00 and gave the company an “outperform” rating in a report on Thursday, November 29th. Bank of America reissued a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of Veeva Systems in a report on Thursday, November 29th. Morgan Stanley boosted their price objective on shares of Veeva Systems from $109.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, November 29th. Finally, Leerink Swann started coverage on shares of Veeva Systems in a report on Tuesday, December 4th. They issued an “outperform” rating and a $120.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $117.65.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Veeva Systems by 18.6% in the 3rd quarter. BlackRock Inc. now owns 7,710,493 shares of the technology company’s stock valued at $839,440,000 after buying an additional 1,207,291 shares in the last quarter. FMR LLC raised its position in shares of Veeva Systems by 63.4% in the 4th quarter. FMR LLC now owns 5,926,515 shares of the technology company’s stock valued at $529,357,000 after buying an additional 2,300,472 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Veeva Systems by 3.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,666,366 shares of the technology company’s stock valued at $290,287,000 after buying an additional 100,561 shares in the last quarter. First Trust Advisors LP raised its position in shares of Veeva Systems by 4.5% in the 4th quarter. First Trust Advisors LP now owns 2,407,957 shares of the technology company’s stock valued at $215,079,000 after buying an additional 102,884 shares in the last quarter. Finally, Winslow Capital Management LLC raised its position in shares of Veeva Systems by 25.1% in the 3rd quarter. Winslow Capital Management LLC now owns 2,136,138 shares of the technology company’s stock valued at $232,561,000 after buying an additional 428,945 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

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About Veeva Systems

Veeva Systems, Inc engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.

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