Eleni Nitsa Zuppas Sells 6,000 Shares of Veeva Systems (NYSE:VEEV) Stock

Veeva Systems Inc. (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the sale, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Veeva Systems Trading Down 3.8%

VEEV stock opened at $287.04 on Friday. The stock has a 50-day moving average price of $282.91 and a two-hundred day moving average price of $264.86. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The company has a market cap of $47.05 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. During the same period last year, the firm posted $1.62 EPS. Veeva Systems’s revenue was up 16.7% on a year-over-year basis. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Equities analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Enterprises LLC purchased a new position in Veeva Systems in the third quarter valued at about $200,000. Arlington Financial Advisors LLC raised its stake in Veeva Systems by 8.4% during the third quarter. Arlington Financial Advisors LLC now owns 1,272 shares of the technology company’s stock valued at $379,000 after buying an additional 99 shares in the last quarter. Thomasville National Bank raised its stake in Veeva Systems by 0.4% during the third quarter. Thomasville National Bank now owns 83,709 shares of the technology company’s stock valued at $24,938,000 after buying an additional 314 shares in the last quarter. Quotient Wealth Partners LLC acquired a new stake in Veeva Systems during the third quarter valued at approximately $249,000. Finally, CGN Advisors LLC raised its stake in Veeva Systems by 1.1% during the third quarter. CGN Advisors LLC now owns 10,854 shares of the technology company’s stock valued at $3,234,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VEEV. Stifel Nicolaus upped their target price on Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Canaccord Genuity Group upped their target price on Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. TD Cowen raised Veeva Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $297.00 to $380.00 in a research report on Tuesday. UBS Group upped their target price on Veeva Systems from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Truist Financial upped their target price on Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.