Veeva Systems Inc. (NYSE:VEEV) SVP Jonathan Faddis sold 65,000 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $46.31, for a total transaction of $3,010,150.00. Following the transaction, the senior vice president now owns 67,489 shares in the company, valued at $3,125,415.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, November 2nd, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $38.27, for a total transaction of $19,135.00.
  • On Wednesday, October 5th, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $40.31, for a total transaction of $20,155.00.
  • On Wednesday, September 7th, Jonathan Faddis sold 500 shares of Veeva Systems stock. The shares were sold at an average price of $40.53, for a total transaction of $20,265.00.
  • On Tuesday, September 6th, Jonathan Faddis sold 376 shares of Veeva Systems stock. The shares were sold at an average price of $40.50, for a total transaction of $15,228.00.

Veeva Systems Inc. (NYSE:VEEV) opened at 46.48 on Thursday. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 103.29 and a beta of 1.60. The firm’s 50-day moving average price is $39.68 and its 200 day moving average price is $37.51. Veeva Systems Inc. has a 12 month low of $19.97 and a 12 month high of $47.95.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Veeva Systems had a return on equity of 12.84% and a net margin of 12.73%. The firm earned $142.80 million during the quarter, compared to analysts’ expectations of $135.67 million. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. On average, analysts anticipate that Veeva Systems Inc. will post $0.63 earnings per share for the current year.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank purchased a new position in shares of Veeva Systems during the second quarter valued at about $101,000. FineMark National Bank & Trust boosted its position in shares of Veeva Systems by 12.7% in the second quarter. FineMark National Bank & Trust now owns 3,060 shares of the company’s stock valued at $104,000 after buying an additional 346 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the company’s stock valued at $115,000 after buying an additional 1,421 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Veeva Systems by 22.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the company’s stock valued at $140,000 after buying an additional 625 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Veeva Systems during the third quarter valued at about $156,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $46.00 target price on shares of Veeva Systems in a report on Saturday, November 26th. Evercore ISI restated a “buy” rating and issued a $47.00 target price (up previously from $45.00) on shares of Veeva Systems in a report on Saturday, November 26th. JMP Securities restated a “hold” rating on shares of Veeva Systems in a report on Thursday, November 24th. Finally, KeyCorp raised their target price on shares of Veeva Systems from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, November 23rd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Veeva Systems has a consensus rating of “Buy” and an average price target of $44.07.

Veeva Systems Company Profile

Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.

5 Day Chart for NYSE:VEEV

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