Paul Edward Chamberlain Sells 260 Shares of Veeva Systems Inc. (NYSE:VEEV) Stock

Veeva Systems Inc. (NYSE:VEEVGet Rating) Director Paul Edward Chamberlain sold 260 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $179.99, for a total transaction of $46,797.40. Following the completion of the sale, the director now owns 16,443 shares of the company’s stock, valued at approximately $2,959,575.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Veeva Systems Stock Up 0.4 %

VEEV stock opened at $174.83 on Friday. The firm has a 50 day moving average of $206.83 and a 200 day moving average of $194.76. The stock has a market capitalization of $27.15 billion, a PE ratio of 71.95, a price-to-earnings-growth ratio of 4.11 and a beta of 0.76. Veeva Systems Inc. has a 52 week low of $152.04 and a 52 week high of $327.78.

Veeva Systems (NYSE:VEEVGet Rating) last released its earnings results on Wednesday, August 31st. The technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Veeva Systems had a net margin of 19.67% and a return on equity of 13.40%. The company had revenue of $534.20 million during the quarter, compared to analysts’ expectations of $530.70 million. During the same period last year, the business earned $0.64 EPS. Veeva Systems’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities research analysts expect that Veeva Systems Inc. will post 2.56 earnings per share for the current year.

Institutional Trading of Veeva Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management lifted its stake in Veeva Systems by 9.4% during the 1st quarter. Ritholtz Wealth Management now owns 1,317 shares of the technology company’s stock valued at $280,000 after acquiring an additional 113 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Veeva Systems by 41.9% in the 1st quarter. Principal Financial Group Inc. now owns 86,990 shares of the technology company’s stock valued at $18,481,000 after purchasing an additional 25,702 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of Veeva Systems by 102.3% in the 1st quarter. Belpointe Asset Management LLC now owns 5,158 shares of the technology company’s stock valued at $1,096,000 after purchasing an additional 2,608 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Veeva Systems by 8.1% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 102,478 shares of the technology company’s stock valued at $21,772,000 after purchasing an additional 7,718 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its stake in shares of Veeva Systems by 6.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 3,011 shares of the technology company’s stock valued at $769,000 after purchasing an additional 174 shares during the period. 80.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Oppenheimer reaffirmed an “initiates” rating on shares of Veeva Systems in a research note on Wednesday, July 27th. Stifel Nicolaus raised their price target on shares of Veeva Systems from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, June 29th. Piper Sandler reduced their price target on shares of Veeva Systems from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, September 1st. Truist Financial reduced their price target on shares of Veeva Systems from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, June 2nd. Finally, Robert W. Baird reduced their price target on shares of Veeva Systems from $267.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, September 1st. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.20.

About Veeva Systems

(Get Rating)

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 software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM MyInsights, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva OpenData, Veeva Link, Veeva Network, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Patients; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, 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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