Alan Mateo Sells 867 Shares of Veeva Systems Inc (NYSE:VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 867 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $175.58, for a total value of $152,227.86. Following the completion of the transaction, the executive vice president now directly owns 20,620 shares of the company’s stock, valued at $3,620,459.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, July 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The shares were sold at an average price of $165.40, for a total value of $665,900.40.
  • On Tuesday, June 11th, Alan Mateo sold 487 shares of Veeva Systems stock. The shares were sold at an average price of $163.95, for a total value of $79,843.65.
  • On Tuesday, June 4th, Alan Mateo sold 4,539 shares of Veeva Systems stock. The shares were sold at an average price of $154.35, for a total value of $700,594.65.
  • On Wednesday, May 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The shares were sold at an average price of $141.12, for a total value of $568,149.12.
  • On Tuesday, April 23rd, Alan Mateo sold 1,059 shares of Veeva Systems stock. The shares were sold at an average price of $134.14, for a total value of $142,054.26.

Veeva Systems stock opened at $173.17 on Friday. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $165.19. The stock has a market capitalization of $25.44 billion, a P/E ratio of 139.65, a price-to-earnings-growth ratio of 7.01 and a beta of 1.41. Veeva Systems Inc has a fifty-two week low of $73.47 and a fifty-two week high of $176.90.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $244.75 million for the quarter, compared to analysts’ expectations of $238.69 million. Veeva Systems had a return on equity of 17.61% and a net margin of 28.41%. The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Research analysts anticipate that Veeva Systems Inc will post 1.6 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Lyell Wealth Management LP boosted its holdings in Veeva Systems by 4.1% in the first quarter. Lyell Wealth Management LP now owns 44,550 shares of the technology company’s stock valued at $5,652,000 after acquiring an additional 1,753 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Veeva Systems by 0.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,355 shares of the technology company’s stock valued at $836,000 after acquiring an additional 83 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Veeva Systems by 4.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 167,914 shares of the technology company’s stock valued at $21,302,000 after acquiring an additional 6,509 shares during the last quarter. Legal & General Group Plc boosted its holdings in Veeva Systems by 40.1% in the fourth quarter. Legal & General Group Plc now owns 204,714 shares of the technology company’s stock valued at $18,259,000 after acquiring an additional 58,634 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Veeva Systems by 82.1% in the first quarter. Victory Capital Management Inc. now owns 605,422 shares of the technology company’s stock valued at $76,804,000 after acquiring an additional 272,909 shares during the last quarter. 77.68% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the company. DA Davidson assumed coverage on Cardtronics in a research note on Thursday, May 30th. They issued a “buy” rating for the company. Stephens assumed coverage on Genuine Parts in a research note on Thursday, May 30th. They issued an “overweight” rating and a $114.00 price objective for the company. JMP Securities raised their price objective on Veeva Systems from $122.00 to $153.00 and gave the company a “market outperform” rating in a research note on Thursday, May 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Veeva Systems in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. raised China Life Insurance from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 30th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $147.00.

About Veeva Systems

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 and data 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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