Insider Heat: Is Veeva Systems Inc (NYSE:VEEV) Stock a Sell after Alan Mateo’s Insider Trading?

November 28, 2016 - By Dolores Ford

Insider Heat: Is Veeva Systems Inc (NYSE:VEEV) Stock a Sell after Alan Mateo's Insider Trading?

Alan Mateo Insider Sell

The EVP Global Sales of Veeva Systems Inc, Alan Mateo in the last few days got almost $2,355,811 U.S. Dollars for 52,339 shares in the Veeva Systems Inc corporation at an approx. $45.0 per every share. In the last 30 days, he also sold 5,816 shares with value $232,058 USD. A report documented published 28-11-2016 with the (SEC), revealed here, shows the complete details of the deal. Alan Mateo now has 6,409 shares which make up around 0.00% of the California-based company’s market cap (total dollar market value of all company’s outstanding shares).

Veeva Systems Inc (NYSE:VEEV) Ratings Coverage

Out of 13 analysts covering Veeva Systems (NYSE:VEEV), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. $48 is the highest target while $24 is the lowest. The $37.90 average target is -18.21% below today’s ($46.34) stock price. Veeva Systems has been the topic of 26 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Veeva Systems Inc (NYSE:VEEV) on Friday, May 27 with “Buy” rating. Leerink Swann maintained Veeva Systems Inc (NYSE:VEEV) rating on Wednesday, November 25. Leerink Swann has “Market Perform” rating and $29 price target. As per Friday, September 30, the company rating was maintained by Stifel Nicolaus. On Monday, January 4 the stock rating was initiated by Needham with “Buy”. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, November 23. Canaccord Genuity maintained the shares of VEEV in a report on Wednesday, November 23 with “Buy” rating. The stock of Veeva Systems Inc (NYSE:VEEV) has “Neutral” rating given on Tuesday, October 4 by Goldman Sachs. The stock of Veeva Systems Inc (NYSE:VEEV) earned “Buy” rating by Canaccord Genuity on Wednesday, November 25. Stifel Nicolaus maintained the shares of VEEV in a report on Wednesday, August 31 with “Buy” rating. Deutsche Bank maintained Veeva Systems Inc (NYSE:VEEV) rating on Friday, May 27. Deutsche Bank has “Hold” rating and $31 price target.

Insitutional Activity: The institutional sentiment decreased to 1.74 in Q2 2016. Its down 0.05, from 1.79 in 2016Q1. The ratio turned negative, as 18 funds sold all Veeva Systems Inc shares owned while 50 reduced positions. 48 funds bought stakes while 74 increased positions. They now own 92.06 million shares or 3.74% more from 88.74 million shares in 2016Q1.

Legal And General Public Ltd holds 6,800 shares or 0% of its portfolio. The California-based Avalon Global Asset Mngmt Limited Liability has invested 2.17% in Veeva Systems Inc (NYSE:VEEV). The California-based Nelson Roberts Invest Ltd Liability Corp has invested 0% in Veeva Systems Inc (NYSE:VEEV). Moreover, Hanseatic Management has 1% invested in Veeva Systems Inc (NYSE:VEEV) for 76,948 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. The New York-based Secor Cap Advisors Ltd Partnership has invested 0.21% in Veeva Systems Inc (NYSE:VEEV). Blackrock Institutional Tru Na owns 2.39 million shares or 0.01% of their US portfolio. California Public Employees Retirement has invested 0.01% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Delta Lloyd Nv has 0.03% invested in the company for 24,182 shares. Ameriprise Finance Incorporated reported 709,337 shares or 0.01% of all its holdings. The Germany-based Deutsche Bankshares Ag has invested 0.02% in Veeva Systems Inc (NYSE:VEEV). Ubs Asset Americas Inc holds 0% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 66,169 shares. Credit Agricole S A accumulated 15,300 shares or 0% of the stock. Denver Inv Advsrs Limited Liability Company last reported 0.01% of its portfolio in the stock. Moreover, Aperio Grp Ltd Llc has 0.01% invested in Veeva Systems Inc (NYSE:VEEV) for 21,477 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 34 insider sales for $35.05 million net activity. 500 shares were sold by Faddis Jonathan, worth $17,075. Shares for $108,368 were sold by Mateo Alan. $184,509 worth of Veeva Systems Inc (NYSE:VEEV) shares were sold by Zuppas Eleni Nitsa. Another trade for 19,200 shares valued at $735,422 was made by Ritter Gordon on Monday, August 8. CODD RONALD E F also sold $123,000 worth of Veeva Systems Inc (NYSE:VEEV) shares. $3.19 million worth of Veeva Systems Inc (NYSE:VEEV) was sold by Wallach Matthew J on Thursday, October 13. $119,788 worth of Veeva Systems Inc (NYSE:VEEV) was sold by Lequient Frederic.

The stock increased 0.15% or $0.07 on November 28, hitting $46.34. About 1.89M shares traded hands or 60.17% up from the average. Veeva Systems Inc (NYSE:VEEV) has risen 71.18% since April 25, 2016 and is uptrending. It has outperformed by 65.17% the S&P500.

Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $6.31 billion. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. It has a 87.43 P/E ratio.

According to Zacks Investment Research, “Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.”

More recent Veeva Systems Inc (NYSE:VEEV) news were published by: Fool.com which released: “The Moat at Veeva Systems Inc. Continues to Widen” on November 23, 2016. Also Nasdaq.com published the news titled: “Earnings Reaction History: Veeva Systems Inc., 60.0% Follow-Through Indicator ..” on November 22, 2016. Zacks.com‘s news article titled: “Can Veeva Systems (VEEV) Pull a Surprise in Q3 Earnings?” with publication date: November 17, 2016 was also an interesting one.

VEEV Company Profile

Veeva Systems Inc. (Veeva), incorporated on January 12, 2007, is a well-known provider of cloud software solutions for the global life sciences industry. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Firm offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data.

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