Veeva Systems Inc (NYSE:VEEV) Director Ronald E. F. Codd sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $51.02, for a total value of $102,040.00. Following the completion of the sale, the director now directly owns 6,706 shares of the company’s stock, valued at approximately $342,140.12. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Veeva Systems Inc (NYSE:VEEV) traded down 1.33% during midday trading on Friday, reaching $51.80. The company’s stock had a trading volume of 671,773 shares. The firm has a market capitalization of $7.18 billion, a P/E ratio of 110.21 and a beta of 1.67. The company’s 50-day moving average is $49.01 and its 200 day moving average is $43.63. Veeva Systems Inc has a 52 week low of $26.53 and a 52 week high of $53.37.
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Several large investors have recently added to or reduced their stakes in VEEV. Advisor Group Inc. raised its position in shares of Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the technology company’s stock worth $115,000 after buying an additional 1,421 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of Veeva Systems by 0.3% in the third quarter. FineMark National Bank & Trust now owns 3,068 shares of the technology company’s stock worth $127,000 after buying an additional 8 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Veeva Systems during the third quarter worth approximately $215,000. Riverhead Capital Management LLC purchased a new position in shares of Veeva Systems during the third quarter worth approximately $215,000. Finally, Parkwood LLC purchased a new position in shares of Veeva Systems during the third quarter worth approximately $223,000. Institutional investors and hedge funds own 66.72% of the company’s stock.
A number of analysts have commented on VEEV shares. Zacks Investment Research cut Veeva Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Stifel Nicolaus boosted their price objective on Veeva Systems to $50.00 in a report on Wednesday, March 1st. Pacific Crest reissued an “overweight” rating on shares of Veeva Systems in a report on Saturday, January 7th. Needham & Company LLC boosted their price objective on Veeva Systems from $46.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, March 1st. Finally, Evercore ISI lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.50.
Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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