nVerses Capital LLC Buys 500 Shares of Veeva Systems Inc. (NYSE:VEEV)

nVerses Capital LLC grew its stake in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,700 shares of the technology company’s stock after buying an additional 500 shares during the period. nVerses Capital LLC’s holdings in Veeva Systems were worth $986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of Veeva Systems during the first quarter valued at about $28,000. Blue Trust Inc. boosted its stake in shares of Veeva Systems by 3,460.0% during the second quarter. Blue Trust Inc. now owns 178 shares of the technology company’s stock valued at $33,000 after purchasing an additional 173 shares during the period. First Financial Corp IN purchased a new stake in shares of Veeva Systems during the first quarter valued at approximately $35,000. DT Investment Partners LLC purchased a new stake in shares of Veeva Systems during the second quarter valued at approximately $35,000. Finally, Larson Financial Group LLC boosted its stake in shares of Veeva Systems by 1,153.8% during the first quarter. Larson Financial Group LLC now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 150 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Stock Performance

NYSE:VEEV traded down $2.52 during trading hours on Thursday, reaching $214.81. The stock had a trading volume of 140,038 shares, compared to its average volume of 946,771. Veeva Systems Inc. has a 52 week low of $162.72 and a 52 week high of $236.90. The company has a 50 day moving average price of $207.07 and a two-hundred day moving average price of $198.82. The stock has a market capitalization of $34.78 billion, a PE ratio of 57.95, a PEG ratio of 2.05 and a beta of 0.81.

Veeva Systems (NYSE:VEEV – Get Free Report) last announced its earnings results on Wednesday, August 28th. The technology company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $676.18 million during the quarter, compared to analysts’ expectations of $667.21 million. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. Equities research analysts predict that Veeva Systems Inc. will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VEEV shares. TD Cowen upped their target price on Veeva Systems from $180.00 to $192.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Truist Financial increased their price objective on Veeva Systems from $197.00 to $207.00 and gave the stock a “hold” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on Veeva Systems from $203.00 to $208.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Veeva Systems in a report on Thursday, August 29th. Finally, BTIG Research started coverage on Veeva Systems in a report on Tuesday, July 9th. They set a “buy” rating and a $240.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.96.

Read Our Latest Analysis on Veeva Systems

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 2,353 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total value of $470,600.00. Following the completion of the transaction, the senior vice president now directly owns 9,035 shares of the company’s stock, valued at approximately $1,807,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.50% of the company’s stock.

About Veeva Systems

(Free Report)

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.

Featured Stories

• Five stocks we like better than Veeva Systems
• Compound Interest and Why It Matters When Investing
• Taiwan Semiconductor Soars on Earnings With More Room to Run
• Unveiling The Power Of VWAP: A Key Indicator For Traders
• Is Lucid Group Nearing the Bottom? What Investors Should Know
• P/E Ratio Calculation: How to Assess Stocks
• 90% Gain Possible? Analysts Are Bullish on Joby Aviation

Want to see what other hedge funds are holding VEEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veeva Systems Inc. (NYSE:VEEV – Free Report).