Frederic Lequient Sells 2,875 Shares of Veeva Systems Inc (VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) SVP Frederic Lequient sold 2,875 shares of Veeva Systems stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $57.32, for a total transaction of $164,795.00. Following the completion of the transaction, the senior vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $194,830.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Frederic Lequient also recently made the following trade(s):

  • On Wednesday, September 6th, Frederic Lequient sold 1,775 shares of Veeva Systems stock. The shares were sold at an average price of $58.75, for a total transaction of $104,281.25.

Shares of Veeva Systems Inc (NYSE VEEV) traded down $3.77 during mid-day trading on Thursday, hitting $54.00. 5,454,300 shares of the company traded hands, compared to its average volume of 1,321,948. The company has a market cap of $8,012.70, a P/E ratio of 97.92, a price-to-earnings-growth ratio of 4.73 and a beta of 1.60. Veeva Systems Inc has a 1-year low of $40.50 and a 1-year high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. Veeva Systems had a net margin of 19.97% and a return on equity of 12.68%. The business had revenue of $176.10 million during the quarter, compared to the consensus estimate of $171.99 million. During the same quarter in the previous year, the firm posted $0.22 EPS. Veeva Systems’s revenue was up 23.3% compared to the same quarter last year. equities research analysts forecast that Veeva Systems Inc will post 0.65 EPS for the current year.

A number of research analysts have recently commented on VEEV shares. BidaskClub downgraded shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. KeyCorp reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, October 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a report on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $67.45.

A number of institutional investors have recently modified their holdings of VEEV. QS Investors LLC raised its position in shares of Veeva Systems by 0.5% in the 2nd quarter. QS Investors LLC now owns 3,832 shares of the technology company’s stock valued at $235,000 after buying an additional 19 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Veeva Systems by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,387 shares of the technology company’s stock valued at $637,000 after buying an additional 27 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Veeva Systems by 1.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 20,863 shares of the technology company’s stock valued at $1,279,000 after buying an additional 326 shares in the last quarter. World Asset Management Inc raised its position in shares of Veeva Systems by 8.4% in the 2nd quarter. World Asset Management Inc now owns 4,846 shares of the technology company’s stock valued at $297,000 after buying an additional 374 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Veeva Systems by 14.0% in the 2nd quarter. Comerica Bank now owns 4,339 shares of the technology company’s stock valued at $285,000 after buying an additional 534 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

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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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