Key Points
- Insider sale: Veeva executive Thomas Schwenger sold 1,000 shares on Jan. 13 at an average price of $231.43 for $231,430, reducing his stake by 4.13% to 23,204 shares (about $5.37M), per an SEC filing.
- $2.0 billion buyback: Veeva's board approved a $2.0 billion repurchase program on Jan. 5 that allows the company to buy up to 5.5% of its shares, a move often seen as management signaling confidence in the stock.
- Recent results and valuation: Veeva reported $2.04 EPS (beating the $1.95 estimate) with revenue up 16% year-over-year, has FY2026 EPS guidance of 7.93, a market cap around $36.0B and a trailing P/E of about 42.6.
Veeva Systems Inc. (NYSE:VEEV - Get Free Report) insider Thomas Schwenger sold 1,000 shares of the company's stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider owned 23,204 shares in the company, valued at $5,370,101.72. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Veeva Systems Price Performance
Shares of VEEV stock opened at $219.13 on Friday. The company has a market cap of $36.02 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The stock's 50 day simple moving average is $241.49 and its two-hundred day simple moving average is $269.53.
Veeva Systems (NYSE:VEEV - Get Free Report) last released its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. The firm had revenue of $0.81 million for the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. Equities research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.
Veeva Systems declared that its board has approved a share repurchase program on Monday, January 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the technology company to purchase up to 5.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On Veeva Systems
Several institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC boosted its position in Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company's stock valued at $25,000 after acquiring an additional 55 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in Veeva Systems during the fourth quarter valued at about $27,000. Raiffeisen Bank International AG purchased a new position in Veeva Systems in the third quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Veeva Systems in the second quarter worth about $29,000. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Veeva Systems during the third quarter valued at about $30,000. 88.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
VEEV has been the topic of a number of analyst reports. BTIG Research reaffirmed a "buy" rating and set a $340.00 target price on shares of Veeva Systems in a research note on Friday, November 21st. Wall Street Zen downgraded Veeva Systems from a "buy" rating to a "hold" rating in a research report on Saturday, December 6th. Weiss Ratings downgraded Veeva Systems from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. William Blair reiterated an "outperform" rating on shares of Veeva Systems in a report on Friday, October 17th. Finally, TD Cowen upgraded Veeva Systems from a "hold" rating to a "buy" rating and raised their price objective for the stock from $297.00 to $380.00 in a report on Tuesday, October 7th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $308.04.
Check Out Our Latest Research Report on VEEV
Veeva Systems Company Profile
(
Get Free Report)
Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.
Veeva's product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
