Eleni Nitsa Zuppas Sells 3,000 Shares of Veeva Systems Inc (NYSE:VEEV) Stock

Veeva Systems Inc (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $142.00, for a total transaction of $426,000.00. Following the sale, the chief marketing officer now owns 13,821 shares of the company’s stock, valued at $1,962,582. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Eleni Nitsa Zuppas also recently made the following trade(s):

  • On Tuesday, September 3rd, Eleni Nitsa Zuppas sold 5,000 shares of Veeva Systems stock. The stock was sold at an average price of $159.23, for a total transaction of $796,150.00.
  • On Monday, August 12th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $161.08, for a total transaction of $483,240.00.
  • On Wednesday, July 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The stock was sold at an average price of $172.51, for a total transaction of $517,530.00.
  • On Tuesday, July 2nd, Eleni Nitsa Zuppas sold 235 shares of Veeva Systems stock. The stock was sold at an average price of $163.47, for a total transaction of $38,415.45.

Shares of VEEV opened at $142.90 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.23 and a quick ratio of 4.23. Veeva Systems Inc has a one year low of $79.26 and a one year high of $176.90. The company has a 50-day simple moving average of $160.61 and a two-hundred day simple moving average of $147.77. The firm has a market capitalization of $21.28 billion, a PE ratio of 115.24, a price-to-earnings-growth ratio of 4.68 and a beta of 1.32.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Tuesday, August 27th. The technology company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Veeva Systems had a net margin of 29.72% and a return on equity of 18.10%. The business had revenue of $266.90 million during the quarter, compared to analyst estimates of $259.35 million. During the same period last year, the business posted $0.39 earnings per share. Veeva Systems’s quarterly revenue was up 27.3% compared to the same quarter last year. Analysts expect that Veeva Systems Inc will post 1.62 EPS for the current fiscal year.

A number of analysts have recently weighed in on VEEV shares. JMP Securities increased their target price on shares of Veeva Systems from $153.00 to $172.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 28th. Guggenheim increased their target price on shares of Veeva Systems from $154.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Needham & Company LLC increased their target price on shares of Veeva Systems from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Stephens increased their target price on shares of Veeva Systems from $155.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, DA Davidson increased their target price on shares of Veeva Systems from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $167.06.

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Command Financial Services Inc. bought a new position in shares of Veeva Systems during the second quarter valued at approximately $32,000. State Board of Administration of Florida Retirement System increased its position in shares of Veeva Systems by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 167,914 shares of the technology company’s stock valued at $21,302,000 after acquiring an additional 6,509 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $19,972,000. Davy Asset Management Ltd bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $263,000. Finally, Swiss National Bank increased its position in shares of Veeva Systems by 6.5% during the first quarter. Swiss National Bank now owns 417,800 shares of the technology company’s stock valued at $53,002,000 after acquiring an additional 25,400 shares in the last quarter. 77.17% of the stock is owned by institutional investors and hedge funds.

About Veeva Systems

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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