Gilbert & Cook Inc. Purchases 237 Shares of Veeva Systems Inc. (NYSE:VEEV)

Gilbert & Cook Inc. boosted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 11.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,393 shares of the technology company’s stock after acquiring an additional 237 shares during the period. Gilbert & Cook Inc.’s holdings in Veeva Systems were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Veeva Systems by 72.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Veeva Systems during the third quarter valued at approximately $26,000. True Wealth Design LLC lifted its stake in Veeva Systems by 3,375.0% during the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock valued at $29,000 after acquiring an additional 135 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Veeva Systems in the fourth quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Veeva Systems in the third quarter worth approximately $49,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Performance

Shares of NYSE:VEEV traded up $2.78 during midday trading on Thursday, reaching $235.08. 77,393 shares of the company’s stock traded hands, compared to its average volume of 1,014,785. Veeva Systems Inc. has a one year low of $170.25 and a one year high of $258.93. The stock has a 50 day moving average of $222.31 and a 200 day moving average of $211.88. The company has a market cap of $38.16 billion, a price-to-earnings ratio of 58.21, a P/E/G ratio of 2.01 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VEEV shares. Piper Sandler increased their target price on Veeva Systems from $280.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus boosted their price objective on shares of Veeva Systems from $240.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Canaccord Genuity Group lifted their price objective on shares of Veeva Systems from $210.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. StockNews.com lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Veeva Systems from $275.00 to $283.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.96.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 1,694 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the sale, the senior vice president now directly owns 8,061 shares of the company’s stock, valued at $1,856,448.30. This trade represents a 17.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Schwenger sold 1,126 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $240.01, for a total transaction of $270,251.26. Following the transaction, the insider now owns 27,013 shares in the company, valued at $6,483,390.13. This trade represents a 4.00 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is owned by corporate insiders.

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.