Alan Mateo Sells 890 Shares of Veeva Systems Inc (NYSE:VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) EVP Alan Mateo sold 890 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $146.79, for a total value of $130,643.10. Following the sale, the executive vice president now owns 18,811 shares in the company, valued at $2,761,266.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, October 14th, Alan Mateo sold 860 shares of Veeva Systems stock. The stock was sold at an average price of $154.65, for a total transaction of $132,999.00.
  • On Tuesday, October 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The stock was sold at an average price of $152.51, for a total transaction of $614,005.26.
  • On Tuesday, September 17th, Alan Mateo sold 496 shares of Veeva Systems stock. The stock was sold at an average price of $146.15, for a total transaction of $72,490.40.
  • On Tuesday, September 3rd, Alan Mateo sold 4,026 shares of Veeva Systems stock. The stock was sold at an average price of $159.68, for a total transaction of $642,871.68.
  • On Thursday, August 1st, Alan Mateo sold 4,026 shares of Veeva Systems stock. The stock was sold at an average price of $165.52, for a total transaction of $666,383.52.

NYSE VEEV traded up $0.93 on Wednesday, reaching $142.26. 56,559 shares of the company’s stock traded hands, compared to its average volume of 1,743,157. Veeva Systems Inc has a 12 month low of $79.26 and a 12 month high of $176.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.23 and a quick ratio of 4.23. The stock has a 50-day simple moving average of $149.91 and a 200 day simple moving average of $153.27. The stock has a market cap of $20.67 billion, a PE ratio of 114.73, a P/E/G ratio of 4.71 and a beta of 1.28.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Tuesday, August 27th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Veeva Systems had a net margin of 29.72% and a return on equity of 18.10%. The business had revenue of $266.90 million for the quarter, compared to analysts’ expectations of $259.35 million. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis. As a group, analysts anticipate that Veeva Systems Inc will post 1.62 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its position in Veeva Systems by 0.7% during the third quarter. Rhumbline Advisers now owns 138,097 shares of the technology company’s stock valued at $21,086,000 after acquiring an additional 895 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Veeva Systems during the third quarter valued at approximately $14,750,000. Private Advisory Group LLC bought a new position in Veeva Systems during the third quarter valued at approximately $413,000. Alberta Investment Management Corp bought a new position in Veeva Systems during the third quarter valued at approximately $290,000. Finally, Arcadia Investment Management Corp MI bought a new position in Veeva Systems during the third quarter valued at approximately $382,000. Institutional investors and hedge funds own 76.78% of the company’s stock.

VEEV has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Veeva Systems from $150.00 to $183.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. JMP Securities upped their price objective on shares of Veeva Systems from $153.00 to $172.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 28th. DA Davidson upped their price objective on shares of Veeva Systems from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Stephens upped their price objective on shares of Veeva Systems from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Canaccord Genuity upped their price objective on shares of Veeva Systems from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Veeva Systems currently has an average rating of “Buy” and a consensus target price of $168.11.

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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