Arlington Financial Advisors LLC Sells 400 Shares of Veeva Systems Inc. $VEEV

Arlington Financial Advisors LLC trimmed its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 25.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,173 shares of the technology company’s stock after selling 400 shares during the period. Arlington Financial Advisors LLC’s holdings in Veeva Systems were worth $338,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of Veeva Systems during the 1st quarter worth $274,000. Crossmark Global Holdings Inc. bought a new stake in Veeva Systems in the 1st quarter valued at about $299,000. Janney Montgomery Scott LLC bought a new stake in Veeva Systems in the 1st quarter valued at about $5,876,000. GAMMA Investing LLC raised its stake in Veeva Systems by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company’s stock valued at $422,000 after acquiring an additional 221 shares during the period. Finally, Private Trust Co. NA raised its stake in Veeva Systems by 35.0% in the 1st quarter. Private Trust Co. NA now owns 247 shares of the technology company’s stock valued at $57,000 after acquiring an additional 64 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 14,595 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the transaction, the senior vice president owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. The trade was a 62.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at $7,765,151.50. The trade was a 19.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Up 0.6%

VEEV stock opened at $287.81 on Wednesday. The firm has a market capitalization of $47.17 billion, a PE ratio of 59.10, a PEG ratio of 2.21 and a beta of 0.98. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The stock has a 50-day simple moving average of $283.06 and a two-hundred day simple moving average of $265.77.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VEEV. TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $297.00 to $380.00 in a research note on Tuesday, October 7th. Needham & Company LLC boosted their price objective on Veeva Systems from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Wells Fargo & Company boosted their price objective on Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Evercore ISI boosted their price objective on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research note on Thursday, August 28th. Finally, UBS Group lifted their target price on Veeva Systems from $285.00 to $310.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $307.58.

Veeva Systems 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.