Today it was reported that the CFO of Veeva Systems (VEEV), Timothy Cabral, exercised options to sell 37,146 VEEV shares at $17.71 a share, for a total transaction value of $8.01M.
Following Timothy Cabral’s last VEEV Sell transaction on September 03, 2019, the stock climbed by 58.9%. In addition to Timothy Cabral, 2 other VEEV executives reported Sell trades in the last month.
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Based on Veeva Systems’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $337 million and quarterly net profit of $86.57 million. In comparison, last year the company earned revenue of $245 million and had a net profit of $73.45 million. The company has a one-year high of $227.86 and a one-year low of $118.11. VEEV’s market cap is $32.53 billion and the company has a P/E ratio of 110.00.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VEEV with a $230.00 price target. Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $221.36, reflecting a -3.8% downside.
The insider sentiment on Veeva Systems has been negative according to 135 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.