Veeva Systems Inc (VEEV) EVP Alan Mateo Sells 691 Shares

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 691 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $134.06, for a total transaction of $92,635.46. Following the completion of the sale, the executive vice president now directly owns 24,076 shares of the company’s stock, valued at $3,227,628.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alan Mateo also recently made the following trade(s):

  • On Monday, April 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The stock was sold at an average price of $128.00, for a total transaction of $515,328.00.
  • On Wednesday, March 13th, Alan Mateo sold 1,768 shares of Veeva Systems stock. The stock was sold at an average price of $120.00, for a total transaction of $212,160.00.
  • On Monday, March 4th, Alan Mateo sold 4,025 shares of Veeva Systems stock. The stock was sold at an average price of $121.20, for a total transaction of $487,830.00.

VEEV stock opened at $133.30 on Wednesday. The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 107.50, a PEG ratio of 5.95 and a beta of 1.72. Veeva Systems Inc has a one year low of $68.11 and a one year high of $137.26.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The business had revenue of $232.32 million during the quarter, compared to analyst estimates of $227.15 million. Veeva Systems had a net margin of 26.66% and a return on equity of 16.91%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. As a group, equities research analysts predict that Veeva Systems Inc will post 1.53 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY lifted its position in shares of Veeva Systems by 0.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,355 shares of the technology company’s stock valued at $836,000 after buying an additional 83 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Veeva Systems by 0.4% during the fourth quarter. Utah Retirement Systems now owns 22,400 shares of the technology company’s stock valued at $2,001,000 after acquiring an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Veeva Systems by 7.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the technology company’s stock valued at $125,000 after acquiring an additional 102 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Veeva Systems by 8.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,555 shares of the technology company’s stock valued at $139,000 after acquiring an additional 119 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Veeva Systems by 2.9% during the fourth quarter. Alps Advisors Inc. now owns 5,456 shares of the technology company’s stock valued at $487,000 after acquiring an additional 154 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on VEEV shares. SunTrust Banks upped their price objective on shares of Veeva Systems to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. DA Davidson upped their price objective on shares of Veeva Systems to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price objective (up from $110.00) on shares of Veeva Systems in a research note on Wednesday, February 27th. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Saturday, February 9th. Finally, Stephens started coverage on shares of Veeva Systems in a research note on Wednesday, January 16th. They issued an “equal weight” rating and a $113.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $118.82.

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Veeva Systems Company Profile

Veeva Systems, Inc engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.

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

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