Veeva Systems Inc (NYSE:VEEV) SVP Jonathan Faddis Sells 515 Shares of Stock

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Veeva Systems Inc (NYSE:VEEV) SVP Jonathan Faddis sold 515 shares of Veeva Systems stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $149.36, for a total transaction of $76,920.40. Following the transaction, the senior vice president now owns 2,050 shares of the company’s stock, valued at $306,188. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jonathan Faddis also recently made the following trade(s):

  • On Friday, December 27th, Jonathan Faddis sold 1,166 shares of Veeva Systems stock. The shares were sold at an average price of $142.00, for a total transaction of $165,572.00.
  • On Wednesday, November 27th, Jonathan Faddis sold 1,166 shares of Veeva Systems stock. The shares were sold at an average price of $144.34, for a total transaction of $168,300.44.
  • On Monday, October 28th, Jonathan Faddis sold 1,166 shares of Veeva Systems stock. The shares were sold at an average price of $147.23, for a total transaction of $171,670.18.
  • On Thursday, October 24th, Jonathan Faddis sold 818 shares of Veeva Systems stock. The shares were sold at an average price of $143.91, for a total transaction of $117,718.38.

Shares of VEEV stock opened at $144.43 on Thursday. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 116.48, a P/E/G ratio of 4.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.40 and a current ratio of 5.40. Veeva Systems Inc has a 52 week low of $100.59 and a 52 week high of $176.90. The firm’s 50-day simple moving average is $144.22 and its two-hundred day simple moving average is $153.19.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. The business had revenue of $280.90 million for the quarter, compared to analyst estimates of $274.81 million. Veeva Systems had a net margin of 29.86% and a return on equity of 17.56%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Analysts forecast that Veeva Systems Inc will post 1.64 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Veeva Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Monday. SunTrust Banks set a $180.00 price objective on shares of Veeva Systems and gave the company a “buy” rating in a report on Friday, September 27th. Raymond James upgraded shares of Veeva Systems from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a report on Thursday, September 26th. Canaccord Genuity lifted their price objective on shares of Veeva Systems from $155.00 to $165.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $187.00 price objective on shares of Veeva Systems in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $174.28.

A number of hedge funds have recently made changes to their positions in VEEV. Vanguard Group Inc. increased its stake in shares of Veeva Systems by 1.3% in the second quarter. Vanguard Group Inc. now owns 12,120,296 shares of the technology company’s stock worth $1,964,821,000 after purchasing an additional 156,746 shares in the last quarter. BlackRock Inc. increased its stake in shares of Veeva Systems by 16.3% in the second quarter. BlackRock Inc. now owns 8,770,784 shares of the technology company’s stock worth $1,421,833,000 after purchasing an additional 1,231,904 shares in the last quarter. State Street Corp increased its stake in shares of Veeva Systems by 1.3% in the third quarter. State Street Corp now owns 2,836,449 shares of the technology company’s stock worth $433,097,000 after purchasing an additional 35,850 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Veeva Systems by 41.0% in the second quarter. AQR Capital Management LLC now owns 1,958,283 shares of the technology company’s stock worth $311,054,000 after purchasing an additional 569,097 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Veeva Systems by 0.4% in the second quarter. Bank of America Corp DE now owns 1,413,239 shares of the technology company’s stock worth $229,102,000 after purchasing an additional 6,172 shares in the last quarter. 77.42% of the stock is currently owned by institutional investors and hedge funds.

Veeva Systems Company Profile

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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