Insder Trading Filing: Is Veeva Systems Inc (NYSE:VEEV) Stock a Sell after Jonathan Faddis’s Insider Trade?

November 30, 2016 - By Peter Kolinski

Insder Trading Filing: Is Veeva Systems Inc (NYSE:VEEV) Stock a Sell after Jonathan Faddis's Insider Trade?

Jonathan Faddis Insider Sell

In a legal report that was filled with the Washington-based SEC, we discovered that the SVP – Gen. Counsel – Secretary of Veeva Systems Inc Jonathan Faddis, an insider in spotlight, made a deal for 65,000 shares of the firm, having a market value near $3,010,306 U.S Dollars using an average market price per share of $46.3 U.S Dollars. Jonathan is trying to decrease his company’s share, same as he did in the last month. He unloaded another 500 shares worth $19,135 USD.

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 -18.48% below today’s ($46.49) stock price. Veeva Systems has been the topic of 26 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, November 25. As per Wednesday, August 24, the company rating was initiated by Raymond James. The stock of Veeva Systems Inc (NYSE:VEEV) has “Neutral” rating given on Tuesday, August 23 by Citigroup. The firm earned “Buy” rating on Friday, May 27 by Stifel Nicolaus. The rating was maintained by JP Morgan on Friday, May 27 with “Overweight”. Stifel Nicolaus maintained the shares of VEEV in a report on Friday, September 30 with “Buy” rating. Deutsche Bank maintained Veeva Systems Inc (NYSE:VEEV) rating on Wednesday, November 25. Deutsche Bank has “Hold” rating and $28 price target. The rating was maintained by Needham on Wednesday, August 31 with “Buy”. Stifel Nicolaus maintained Veeva Systems Inc (NYSE:VEEV) rating on Wednesday, August 31. Stifel Nicolaus has “Buy” rating and $43 price target. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, November 23.

Insitutional Activity: The institutional sentiment decreased to 1.74 in Q2 2016. Its down 0.05, from 1.79 in 2016Q1. The ratio is 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.

Quantitative Inv Ltd Liability Com holds 0.12% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 75,500 shares. Royal Bancorporation Of Canada has 0% invested in the company for 33,573 shares. Wells Fargo And Mn holds 0.1% or 7.22 million shares in its portfolio. Architects reported 150 shares or 0% of all its holdings. Federated Investors Inc Pa has 3.88 million shares for 0.39% of their US portfolio. Teachers reported 79,169 shares or 0% of all its holdings. Babson Cap Management Llc has 18,400 shares for 0.02% of their US portfolio. Moreover, Artisan Ptnrs Limited Partnership has 0.06% invested in Veeva Systems Inc (NYSE:VEEV) for 811,016 shares. Voloridge Invest Mgmt Ltd Liability Corp reported 253,596 shares or 0.25% of all its holdings. State Street Corp accumulated 0% or 963,062 shares. Guggenheim Limited Com holds 0.01% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 78,365 shares. Gilder Gagnon Howe Limited Liability last reported 0.1% of its portfolio in the stock. Stifel Fin Corporation accumulated 0.01% or 63,559 shares. Moreover, Mycio Wealth Prtnrs Ltd Liability has 0% invested in Veeva Systems Inc (NYSE:VEEV) for 502 shares. Barclays Public accumulated 0% or 103,396 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 35 insider sales for $37.40 million net activity. The insider Faddis Jonathan sold $17,075. Cabral Timothy S sold $1.46 million worth of Veeva Systems Inc (NYSE:VEEV) on Wednesday, June 8. SEKHRI PAUL J also sold $663,714 worth of Veeva Systems Inc (NYSE:VEEV) on Tuesday, October 11. Another trade for 52,339 shares valued at $2.36M was made by Mateo Alan on Wednesday, November 23. 18,917 Veeva Systems Inc (NYSE:VEEV) shares with value of $637,085 were sold by Zuppas Eleni Nitsa. CODD RONALD E F sold 2,000 shares worth $80,620. $2.92 million worth of shares were sold by Wallach Matthew J on Thursday, June 9.

About 1.20 million shares traded hands. Veeva Systems Inc (NYSE:VEEV) has risen 71.28% since April 27, 2016 and is uptrending. It has outperformed by 66.06% 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 $6.47 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 87.7 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 Streetinsider.com published the news titled: “Form 4/A VEEVA SYSTEMS INC For: Nov 07 Filed by: Wallach Matthew J” on November 30, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: Veeva Systems Inc., 60.0% Follow-Through Indicator ..” with publication date: November 22, 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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