AXQ Capital LP Has $291,000 Stock Position in Veeva Systems Inc. $VEEV

AXQ Capital LP reduced its stake in Veeva Systems Inc. (NYSE:VEEV) by 27.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,011 shares of the technology company’s stock after selling 387 shares during the period. AXQ Capital LP’s holdings in Veeva Systems were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new stake in Veeva Systems in the 2nd quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in Veeva Systems in the second quarter valued at $32,000. Maseco LLP acquired a new position in Veeva Systems during the second quarter worth $35,000. Ameritas Advisory Services LLC bought a new position in shares of Veeva Systems during the second quarter valued at $68,000. Finally, ORG Partners LLC boosted its stake in shares of Veeva Systems by 176.3% in the 2nd quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock valued at $89,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $290.00 to $330.00 in a research report on Monday, September 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. Piper Sandler lifted their price objective on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $355.00 price target on shares of Veeva Systems in a research report on Friday. Finally, Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.62.

Veeva Systems Stock Down 3.3%

Shares of VEEV opened at $236.10 on Tuesday. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The company has a 50 day moving average of $286.95 and a 200-day moving average of $279.11. The stock has a market capitalization of $38.70 billion, a P/E ratio of 48.48, a P/E/G ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.95 by $0.09. The firm had revenue of $811.24 million for the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of the sale, the insider directly owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the transaction, the senior vice president directly owned 7,868 shares of the company’s stock, valued at approximately $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is currently owned by corporate insiders.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.