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.
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.
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