Gordon Ritter Sells 10,200 Shares of Veeva Systems Inc. (VEEV) Stock

Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 10,200 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $61.51, for a total value of $627,402.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Gordon Ritter also recently made the following trade(s):

  • On Monday, July 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $62.06, for a total value of $316,506.00.
  • On Tuesday, July 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $62.03, for a total value of $632,706.00.
  • On Thursday, June 15th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $59.35, for a total value of $605,370.00.
  • On Thursday, June 1st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $63.87, for a total value of $651,474.00.
  • On Monday, May 15th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.25, for a total value of $291,975.00.
  • On Tuesday, May 16th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $58.29, for a total value of $594,558.00.
  • On Wednesday, May 3rd, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $53.83, for a total value of $549,066.00.
  • On Friday, April 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $53.43, for a total value of $544,986.00.
  • On Thursday, April 13th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The shares were sold at an average price of $50.69, for a total value of $517,038.00.

Shares of Veeva Systems Inc. (VEEV) traded up 1.82% during midday trading on Friday, hitting $63.63. The company had a trading volume of 1,033,574 shares. The firm has a market capitalization of $8.89 billion, a P/E ratio of 102.46 and a beta of 1.63. Veeva Systems Inc. has a 1-year low of $36.55 and a 1-year high of $68.07. The stock has a 50 day moving average price of $62.28 and a 200 day moving average price of $53.32.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, May 25th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by $0.04. The company had revenue of $157.90 million during the quarter, compared to analysts’ expectations of $151.82 million. Veeva Systems had a return on equity of 12.28% and a net margin of 15.86%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. On average, equities analysts anticipate that Veeva Systems Inc. will post $0.83 EPS for the current fiscal year.

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Several equities analysts recently commented on the company. Citigroup Inc. upped their price objective on Veeva Systems from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Deutsche Bank AG restated a “hold” rating and set a $55.00 target price on shares of Veeva Systems in a research report on Tuesday, May 30th. Needham & Company LLC restated a “buy” rating and set a $75.00 target price (up previously from $48.00) on shares of Veeva Systems in a research report on Sunday, May 28th. Pacific Crest restated an “overweight” rating and set a $70.00 target price (up previously from $61.00) on shares of Veeva Systems in a research report on Sunday, May 28th. Finally, Stifel Nicolaus increased their target price on Veeva Systems from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Saturday, May 27th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Veeva Systems presently has an average rating of “Buy” and an average target price of $62.00.

A number of hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $105,000. Huntington National Bank boosted its stake in shares of Veeva Systems by 10.6% in the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after buying an additional 256 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $193,000. BNP Paribas Arbitrage SA boosted its stake in shares of Veeva Systems by 135.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,809 shares of the technology company’s stock valued at $195,000 after buying an additional 2,192 shares during the last quarter. Finally, Capstone Asset Management Co. bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

About Veeva Systems

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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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