Eleni Nitsa Zuppas Sells 352 Shares of Veeva Systems Inc. (NYSE:VEEV) Stock

Veeva Systems Inc. (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 352 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $265.98, for a total value of $93,624.96. Following the transaction, the chief marketing officer now directly owns 9,071 shares in the company, valued at $2,412,704.58. The sale was disclosed in a document filed with the SEC, which is available at this link.

NYSE VEEV opened at $260.38 on Thursday. Veeva Systems Inc. has a twelve month low of $152.24 and a twelve month high of $325.54. The firm has a market capitalization of $39.44 billion, a PE ratio of 121.67, a P/E/G ratio of 9.41 and a beta of 0.84. The stock’s 50 day moving average is $270.06 and its 200 day moving average is $279.14.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Monday, March 1st. The technology company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.10. Veeva Systems had a return on equity of 15.73% and a net margin of 24.88%. The company had revenue of $396.80 million for the quarter, compared to analyst estimates of $380.20 million. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s revenue was up 27.4% on a year-over-year basis. On average, research analysts predict that Veeva Systems Inc. will post 1.95 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. MUFG Americas Holdings Corp bought a new stake in Veeva Systems in the fourth quarter worth $26,000. Graves Light Private Wealth Management Inc. bought a new stake in Veeva Systems in the fourth quarter worth $27,000. Financial Avengers Inc. bought a new stake in Veeva Systems in the fourth quarter worth $27,000. RMR Wealth Builders bought a new stake in Veeva Systems in the fourth quarter worth $33,000. Finally, Capital Asset Advisory Services LLC bought a new stake in Veeva Systems in the fourth quarter worth $34,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

VEEV has been the topic of a number of research reports. DA Davidson raised their price objective on Veeva Systems from $325.00 to $350.00 in a report on Wednesday, March 3rd. SVB Leerink lifted their price target on Veeva Systems from $282.00 to $294.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 9th. Morgan Stanley lifted their price target on Veeva Systems from $332.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 9th. UBS Group raised Veeva Systems from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $245.00 to $250.00 in a research note on Wednesday, March 31st. Finally, Truist lifted their price target on Veeva Systems from $320.00 to $355.00 in a research note on Wednesday, March 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. Veeva Systems presently has a consensus rating of “Buy” and a consensus target price of $299.04.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, commercial data warehouse, allocation and alignment applications, master data management application, and data and services; 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.

Featured Story: Arbitrage

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

Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.