- Veeva Systems Trading Down 4.4 %
- Insiders Place Their Bets
- Institutional Trading of Veeva Systems
- About Veeva Systems
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Veeva Systems (NYSE:VEEV – Get Rating) had its price objective boosted by Needham & Company LLC from $205.00 to $220.00 in a research note released on Friday, The Fly reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.
Several other brokerages also recently commented on VEEV. Raymond James upped their price target on shares of Veeva Systems from $205.00 to $225.00 and gave the company an outperform rating in a research report on Thursday, September 1st. Wells Fargo & Company started coverage on Veeva Systems in a research report on Monday, October 31st. They issued an equal weight rating and a $180.00 target price for the company. UBS Group lifted their price target on Veeva Systems to $195.00 and gave the company a neutral rating in a report on Monday, November 28th. Canaccord Genuity Group reduced their price objective on Veeva Systems from $200.00 to $185.00 and set a hold rating for the company in a research note on Thursday, September 1st. Finally, KeyCorp began coverage on Veeva Systems in a research note on Thursday, September 15th. They set an overweight rating and a $220.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $215.65.
Veeva Systems Trading Down 4.4 %
VEEV stock opened at $167.24 on Friday. Veeva Systems has a one year low of $151.02 and a one year high of $274.29. The firm has a 50-day moving average of $171.97 and a two-hundred day moving average of $187.27. The firm has a market capitalization of $25.97 billion, a PE ratio of 68.26, a P/E/G ratio of 4.18 and a beta of 0.84.
Insiders Place Their Bets
In other news, Director Matthew J. Wallach sold 10,000 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $166.20, for a total transaction of $1,662,000.00. Following the transaction, the director now owns 2,546 shares of the company’s stock, valued at approximately $423,145.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Matthew J. Wallach sold 10,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $166.20, for a total transaction of $1,662,000.00. Following the completion of the sale, the director now directly owns 2,546 shares of the company’s stock, valued at approximately $423,145.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 260 shares of Veeva Systems stock in a transaction on Monday, September 12th. The stock was sold at an average price of $179.99, for a total transaction of $46,797.40. Following the completion of the transaction, the director now owns 16,443 shares in the company, valued at approximately $2,959,575.57. The disclosure for this sale can be found here. Insiders sold 20,260 shares of company stock valued at $3,403,697 over the last quarter. Insiders own 13.23% of the company’s stock.
Institutional Trading of Veeva Systems
Several hedge funds have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC lifted its holdings in shares of Veeva Systems by 120.0% during the second quarter. Harbor Investment Advisory LLC now owns 132 shares of the technology company’s stock worth $26,000 after buying an additional 72 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in Veeva Systems in the 2nd quarter valued at $30,000. CI Investments Inc. grew its position in Veeva Systems by 964.7% in the 3rd quarter. CI Investments Inc. now owns 181 shares of the technology company’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Lansing Street Advisors bought a new position in shares of Veeva Systems during the 1st quarter worth about $39,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of Veeva Systems by 42.9% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the technology company’s stock worth $51,000 after purchasing an additional 60 shares during the period. Institutional investors own 80.14% of the company’s stock.