Veeva Systems Inc (NYSE:VEEV) CMO Eleni Nitsa Zuppas Sells 5,000 Shares

Veeva Systems Inc (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 5,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $159.23, for a total transaction of $796,150.00. Following the completion of the sale, the chief marketing officer now directly owns 12,998 shares of the company’s stock, valued at $2,069,671.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Monday, August 12th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $161.08, for a total transaction of $483,240.00.
  • On Wednesday, July 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $172.51, for a total transaction of $517,530.00.
  • On Tuesday, July 2nd, Eleni Nitsa Zuppas sold 235 shares of Veeva Systems stock. The stock was sold at an average price of $163.47, for a total transaction of $38,415.45.
  • On Monday, June 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $165.90, for a total transaction of $497,700.00.

Shares of NYSE:VEEV traded up $0.47 during midday trading on Friday, reaching $159.89. 610,674 shares of the company’s stock were exchanged, compared to its average volume of 1,348,259. The company’s 50 day simple moving average is $162.74 and its two-hundred day simple moving average is $146.80. The firm has a market capitalization of $23.48 billion, a PE ratio of 128.94, a price-to-earnings-growth ratio of 5.07 and a beta of 1.32. Veeva Systems Inc has a 12 month low of $79.26 and a 12 month high of $176.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.73 and a current ratio of 3.73.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Tuesday, August 27th. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $266.90 million during the quarter, compared to the consensus estimate of $259.35 million. Veeva Systems had a net margin of 29.72% and a return on equity of 18.87%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, research analysts anticipate that Veeva Systems Inc will post 1.62 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Hanson McClain Inc. lifted its holdings in Veeva Systems by 67.2% during the 1st quarter. Hanson McClain Inc. now owns 224 shares of the technology company’s stock valued at $28,000 after purchasing an additional 90 shares during the last quarter. First Command Financial Services Inc. bought a new position in Veeva Systems during the 2nd quarter valued at about $32,000. Virtus ETF Advisers LLC bought a new position in Veeva Systems during the 2nd quarter valued at about $41,000. Bremer Bank National Association bought a new position in Veeva Systems during the 1st quarter valued at about $44,000. Finally, Machina Capital S.A.S. bought a new position in Veeva Systems during the 2nd quarter valued at about $45,000. 75.99% of the stock is owned by institutional investors.

VEEV has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Veeva Systems from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Morgan Stanley downgraded shares of Veeva Systems from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $126.00 to $144.00 in a report on Friday, May 24th. Stephens increased their price target on shares of Veeva Systems from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. DA Davidson increased their price target on shares of Veeva Systems from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Bank of America increased their price target on shares of Veeva Systems from $160.00 to $192.00 and gave the company a “buy” rating in a report on Monday, June 10th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $167.06.

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

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