Veeva Systems Inc (NYSE:VEEV) CMO Eleni Nitsa Zuppas sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $141.28, for a total value of $423,840.00. Following the transaction, the chief marketing officer now directly owns 12,738 shares of the company’s stock, valued at approximately $1,799,624.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, April 10th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The shares were sold at an average price of $132.03, for a total value of $396,090.00.
  • On Monday, March 11th, Eleni Nitsa Zuppas sold 3,000 shares of Veeva Systems stock. The shares were sold at an average price of $115.03, for a total value of $345,090.00.
  • On Thursday, March 7th, Eleni Nitsa Zuppas sold 5,000 shares of Veeva Systems stock. The shares were sold at an average price of $113.06, for a total value of $565,300.00.
  • On Tuesday, March 5th, Eleni Nitsa Zuppas sold 946 shares of Veeva Systems stock. The shares were sold at an average price of $114.66, for a total value of $108,468.36.

Shares of Veeva Systems stock opened at $140.00 on Thursday. The company has a market capitalization of $20.50 billion, a P/E ratio of 112.90, a price-to-earnings-growth ratio of 5.95 and a beta of 1.71. Veeva Systems Inc has a fifty-two week low of $73.47 and a fifty-two week high of $145.23.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Tuesday, February 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $232.32 million during the quarter, compared to analyst estimates of $227.15 million. Veeva Systems had a return on equity of 16.91% and a net margin of 26.66%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, analysts anticipate that Veeva Systems Inc will post 1.53 EPS for the current fiscal year.

VEEV has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Veeva Systems from $112.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, February 25th. ValuEngine upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Zacks Investment Research lowered Veeva Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. DA Davidson upped their price target on Veeva Systems to $160.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Stephens initiated coverage on Veeva Systems in a research report on Wednesday, January 16th. They issued an “equal weight” rating and a $113.00 price target for the company. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $119.71.

A number of institutional investors have recently modified their holdings of VEEV. Ffcm LLC purchased a new position in Veeva Systems in the fourth quarter worth approximately $26,000. First Personal Financial Services grew its position in Veeva Systems by 241.7% in the first quarter. First Personal Financial Services now owns 205 shares of the technology company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Bollard Group LLC purchased a new position in Veeva Systems in the fourth quarter worth approximately $27,000. Hanson McClain Inc. grew its position in Veeva Systems by 67.2% in the first quarter. Hanson McClain Inc. now owns 224 shares of the technology company’s stock worth $28,000 after acquiring an additional 90 shares during the period. Finally, Private Capital Group LLC grew its position in Veeva Systems by 508.6% in the fourth quarter. Private Capital Group LLC now owns 353 shares of the technology company’s stock worth $32,000 after acquiring an additional 295 shares during the period. Institutional investors own 77.96% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://theolympiareport.com/2019/05/16/eleni-nitsa-zuppas-sells-3000-shares-of-veeva-systems-inc-veev-stock.html.

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.

Recommended Story: Price to Earnings Ratio (PE) Basics

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

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.