Veeva Systems Inc. $VEEV Shares Sold by CDAM UK Ltd

CDAM UK Ltd reduced its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,332 shares of the technology company’s stock after selling 10,114 shares during the quarter. Veeva Systems accounts for 11.7% of CDAM UK Ltd’s holdings, making the stock its 3rd largest position. CDAM UK Ltd owned approximately 0.15% of Veeva Systems worth $70,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in shares of Veeva Systems during the 2nd quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in Veeva Systems during the second quarter valued at $32,000. Maseco LLP acquired a new stake in Veeva Systems during the second quarter valued at $35,000. Elevation Point Wealth Partners LLC purchased a new position in Veeva Systems in the second quarter valued at $41,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Veeva Systems in the second quarter worth about $68,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the transaction, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 in the last three months. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Trading Up 0.4%

VEEV stock opened at $240.79 on Friday. The firm has a 50-day moving average of $284.83 and a two-hundred day moving average of $278.60. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 49.44, a PEG ratio of 2.22 and a beta of 0.98.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Piper Sandler raised their price target on shares of Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the company from $290.00 to $330.00 in a report on Monday, September 8th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $305.88.

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.