Veeva Systems Inc. (NYSE:VEEV) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 2,716.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169 shares of the technology company’s stock after acquiring an additional 163 shares during the quarter. Venturi Wealth Management LLC’s holdings in Veeva Systems were worth $36,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VEEV. International Assets Investment Management LLC increased its position in Veeva Systems by 19,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 119,206 shares of the technology company’s stock valued at $25,018,000 after acquiring an additional 118,588 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Veeva Systems during the 3rd quarter valued at $307,000. Forsta AP Fonden boosted its stake in Veeva Systems by 10.4% during the 3rd quarter. Forsta AP Fonden now owns 31,800 shares of the technology company’s stock valued at $6,674,000 after purchasing an additional 3,000 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Veeva Systems by 15.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,054 shares of the technology company’s stock valued at $641,000 after purchasing an additional 406 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Veeva Systems by 15.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,240 shares of the technology company’s stock valued at $2,989,000 after purchasing an additional 1,877 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 1,694 shares of the business’s stock in a transaction dated 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 owns 8,061 shares of the company’s stock, valued at $1,856,448.30. The trade was a 17.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Veeva Systems from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial decreased their price target on Veeva Systems from $261.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada increased their price target on Veeva Systems from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Mizuho assumed coverage on Veeva Systems in a research note on Wednesday, December 4th. They set an “outperform” rating and a $275.00 price target for the company. Finally, The Goldman Sachs Group lowered Veeva Systems from a “buy” rating to a “sell” rating and decreased their price target for the company from $261.00 to $200.00 in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.08.

Veeva Systems Trading Down 2.0 %

VEEV opened at $221.53 on Wednesday. The stock has a market cap of $35.97 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 1.89 and a beta of 0.85. Veeva Systems Inc. has a 1 year low of $170.25 and a 1 year high of $258.93. The stock has a fifty day moving average price of $223.69 and a 200 day moving average price of $218.40.

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.