Veeva Systems Inc (NYSE:VEEV) CFO Timothy S. Cabral sold 48,765 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $113.91, for a total value of $5,554,821.15. Following the sale, the chief financial officer now owns 23,074 shares in the company, valued at $2,628,359.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NYSE:VEEV traded up $0.04 on Friday, reaching $122.36. 3,262,553 shares of the company’s stock traded hands, compared to its average volume of 1,446,683. The stock has a market cap of $17.78 billion, a PE ratio of 98.68, a P/E/G ratio of 5.24 and a beta of 1.72. Veeva Systems Inc has a 12 month low of $68.11 and a 12 month high of $124.00.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. Veeva Systems had a return on equity of 17.65% and a net margin of 26.66%. The business had revenue of $232.32 million for the quarter, compared to analysts’ expectations of $227.15 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 24.9% on a year-over-year basis. As a group, research analysts forecast that Veeva Systems Inc will post 1.54 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY boosted its position in shares of Veeva Systems by 0.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,355 shares of the technology company’s stock valued at $836,000 after buying an additional 83 shares during the period. Utah Retirement Systems boosted its holdings in shares of Veeva Systems by 0.4% in the fourth quarter. Utah Retirement Systems now owns 22,400 shares of the technology company’s stock valued at $2,001,000 after purchasing an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Veeva Systems by 7.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the technology company’s stock valued at $125,000 after purchasing an additional 102 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Veeva Systems by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,555 shares of the technology company’s stock valued at $139,000 after purchasing an additional 119 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of Veeva Systems by 2.9% in the fourth quarter. Alps Advisors Inc. now owns 5,456 shares of the technology company’s stock valued at $487,000 after purchasing an additional 154 shares during the period. Institutional investors own 77.73% of the company’s stock.
Veeva Systems Company Profile
Veeva Systems, Inc engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.
Further Reading: Stock Symbols and CUSIP Explained
Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.