Geneos Wealth Management Inc. lessened its position in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,040 shares of the technology company’s stock after selling 85 shares during the period. Geneos Wealth Management Inc.’s holdings in Veeva Systems were worth $429,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of VEEV. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Veeva Systems by 72.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Veeva Systems during the third quarter worth about $26,000. True Wealth Design LLC increased its stake in Veeva Systems by 3,375.0% in the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock worth $29,000 after acquiring an additional 135 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Veeva Systems in the 4th quarter worth about $31,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Veeva Systems in the 3rd quarter valued at about $49,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Thomas D. Schwenger sold 1,126 shares of Veeva Systems stock in a transaction on Friday, November 8th. The shares were sold at an average price of $240.01, for a total value of $270,251.26. Following the sale, the insider now owns 27,013 shares in the company, valued at $6,483,390.13. The trade was a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jonathan Faddis sold 1,694 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total transaction of $390,128.20. Following the completion of the transaction, the senior vice president now owns 8,061 shares of the company’s stock, valued at $1,856,448.30. This trade represents a 17.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Veeva Systems
Veeva Systems Price Performance
Shares of NYSE:VEEV opened at $232.18 on Wednesday. Veeva Systems Inc. has a 1 year low of $170.25 and a 1 year high of $258.93. The stock’s 50-day moving average is $221.87 and its 200 day moving average is $211.57. The company has a market cap of $37.69 billion, a PE ratio of 57.33, a P/E/G ratio of 2.01 and a beta of 0.84.
About Veeva Systems
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.
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