Jonathan Faddis Sells 261 Shares of Veeva Systems Inc (NYSE:VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) SVP Jonathan Faddis sold 261 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $307.22, for a total transaction of $80,184.42. Following the sale, the senior vice president now owns 1,412 shares of the company’s stock, valued at $433,794.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, August 31st, Jonathan Faddis sold 5,000 shares of Veeva Systems stock. The shares were sold at an average price of $276.53, for a total transaction of $1,382,650.00.

Shares of VEEV stock opened at $306.27 on Friday. Veeva Systems Inc has a one year low of $118.11 and a one year high of $313.10. The company’s 50-day moving average is $277.90 and its 200 day moving average is $233.90. The company has a market capitalization of $46.19 billion, a price-to-earnings ratio of 148.68, a price-to-earnings-growth ratio of 9.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.56 and a current ratio of 3.56.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, August 27th. The technology company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. Veeva Systems had a net margin of 25.60% and a return on equity of 15.77%. The company had revenue of $353.68 million for the quarter, compared to the consensus estimate of $340.00 million. During the same period in the prior year, the firm posted $0.55 EPS. Veeva Systems’s revenue for the quarter was up 32.5% on a year-over-year basis. As a group, research analysts predict that Veeva Systems Inc will post 1.82 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the stock. Truist upped their price target on shares of Veeva Systems from $222.00 to $320.00 in a report on Friday, August 28th. Piper Sandler upped their price objective on shares of Veeva Systems from $220.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Raymond James upped their price objective on shares of Veeva Systems from $230.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Stephens upped their price objective on shares of Veeva Systems from $290.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Finally, DA Davidson upped their price objective on shares of Veeva Systems from $235.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Veeva Systems presently has a consensus rating of “Buy” and an average price target of $273.28.

A number of hedge funds have recently made changes to their positions in the stock. IBM Retirement Fund grew its position in Veeva Systems by 39.0% during the 3rd quarter. IBM Retirement Fund now owns 4,341 shares of the technology company’s stock valued at $1,221,000 after purchasing an additional 1,219 shares during the last quarter. Spearhead Capital Advisors LLC grew its position in Veeva Systems by 5.4% during the 3rd quarter. Spearhead Capital Advisors LLC now owns 1,377 shares of the technology company’s stock valued at $387,000 after purchasing an additional 70 shares during the last quarter. IFM Investors Pty Ltd grew its position in Veeva Systems by 15.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,048 shares of the technology company’s stock valued at $3,107,000 after purchasing an additional 1,445 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of Veeva Systems during the 3rd quarter valued at about $418,000. Finally, Teamwork Financial Advisors LLC purchased a new stake in shares of Veeva Systems during the 3rd quarter valued at about $337,000. 79.56% of the stock is currently owned by institutional investors.

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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