Veeva Systems Inc. (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 352 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $265.98, for a total value of $93,624.96. Following the completion of the sale, the chief marketing officer now owns 9,071 shares in the company, valued at $2,412,704.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:VEEV opened at $260.38 on Thursday. Veeva Systems Inc. has a twelve month low of $152.24 and a twelve month high of $325.54. The stock’s 50 day moving average is $270.06 and its 200-day moving average is $279.14. The firm has a market capitalization of $39.44 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 9.41 and a beta of 0.84.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Monday, March 1st. The technology company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $396.80 million during the quarter, compared to analyst estimates of $380.20 million. Veeva Systems had a return on equity of 15.73% and a net margin of 24.88%. Veeva Systems’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. As a group, research analysts anticipate that Veeva Systems Inc. will post 1.95 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MUFG Americas Holdings Corp purchased a new stake in Veeva Systems in the 4th quarter valued at $26,000. Graves Light Private Wealth Management Inc. purchased a new stake in Veeva Systems in the 4th quarter valued at $27,000. Financial Avengers Inc. purchased a new stake in Veeva Systems in the 4th quarter valued at $27,000. RMR Wealth Builders purchased a new stake in Veeva Systems in the 4th quarter valued at $33,000. Finally, Capital Asset Advisory Services LLC purchased a new stake in Veeva Systems in the 4th quarter valued at $34,000. 77.54% 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, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, commercial data warehouse, allocation and alignment applications, master data management application, and data and services; 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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