Veeva Systems Inc. (NYSE:VEEV) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,865 shares of the technology company’s stock after purchasing an additional 745 shares during the period. Captrust Financial Advisors’ holdings in Veeva Systems were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mather Group LLC. boosted its holdings in Veeva Systems by 166.3% during the second quarter. Mather Group LLC. now owns 253 shares of the technology company’s stock worth $46,000 after buying an additional 158 shares in the last quarter. CWM LLC grew its holdings in shares of Veeva Systems by 41.5% in the 2nd quarter. CWM LLC now owns 4,196 shares of the technology company’s stock worth $768,000 after acquiring an additional 1,230 shares during the last quarter. Simplicity Wealth LLC increased its stake in Veeva Systems by 1.7% in the 2nd quarter. Simplicity Wealth LLC now owns 4,029 shares of the technology company’s stock worth $737,000 after purchasing an additional 69 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its stake in Veeva Systems by 3.5% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 13,999 shares of the technology company’s stock worth $2,562,000 after purchasing an additional 469 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Veeva Systems by 1,000.0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the technology company’s stock worth $402,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas assumed coverage on shares of Veeva Systems in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $286.00 target price on the stock. UBS Group lifted their price objective on shares of Veeva Systems from $185.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Evercore ISI lifted their price target on Veeva Systems from $220.00 to $245.00 and gave the company an “in-line” rating in a report on Friday. Royal Bank of Canada lifted their price target on Veeva Systems from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday. Finally, Truist Financial reiterated a “hold” rating and set a $261.00 price target (up previously from $207.00) on shares of Veeva Systems in a report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.04.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 1,126 shares of Veeva Systems stock in a transaction that occurred 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 completion of the transaction, the insider now owns 27,013 shares in the company, valued at approximately $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 accessible through this link. Also, SVP Jonathan Faddis sold 1,694 shares of Veeva Systems stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the transaction, the senior vice president now directly owns 8,061 shares of the company’s stock, valued at $1,856,448.30. This represents a 17.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

Veeva Systems Price Performance

Shares of Veeva Systems stock opened at $250.45 on Friday. Veeva Systems Inc. has a fifty-two week low of $165.12 and a fifty-two week high of $258.93. The firm has a fifty day moving average price of $217.50 and a two-hundred day moving average price of $202.61. The company has a market cap of $40.56 billion, a PE ratio of 66.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Veeva Systems Company Profile

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.