Today, a Director at Veeva Systems, Ronald Codd, exercised options of Veeva Systems (NYSE: VEEV) for $798.6K.
Following Ronald Codd’s last VEEV Sell transaction on June 15, 2016, the stock climbed by 46.0%. This is Codd’s first transaction since reporting a Sell transaction on FEYE back in November 2017
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Based on Veeva Systems’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $196 million and quarterly net profit of $44.31 million. In comparison, last year the company earned revenue of $158 million and had a net profit of $36.02 million. VEEV’s market cap is $11.5B and the company has a P/E ratio of 81.95. Currently, Veeva Systems has an average volume of 675.5K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.50, reflecting a -5.7% downside.
The insider sentiment on Veeva Systems has been positive according to 103 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Ronald Codd’s trades have generated a -11.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Veeva Systems, Inc. engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance. The firm’s customer relationship management solutions enable its customers to increase the productivity and compliance of their sales and marketing functions. Its regulated content management and collaboration solutions enable its customers to more efficiently manage a regulated, content-centric processes across the enterprise. The company’s customer master solution enables customers to more effectively manage complex healthcare provider and healthcare organization data. The company was founded by Mark Armenante, Peter P. Gassner, Doug Ostler, Mitch Wallace and Matthew J. Wallach on January 12, 2007 and is headquartered in Pleasanton, CA.
