Prime Capital Investment Advisors LLC Sells 1,095 Shares of Veeva Systems Inc. $VEEV

Prime Capital Investment Advisors LLC lessened its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 61.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 697 shares of the technology company’s stock after selling 1,095 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Veeva Systems were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abound Financial LLC bought a new stake in Veeva Systems during the 1st quarter worth approximately $25,000. ORG Partners LLC purchased a new position in Veeva Systems in the 1st quarter worth approximately $26,000. Maseco LLP purchased a new position in Veeva Systems in the 2nd quarter worth approximately $35,000. Golden State Wealth Management LLC grew its stake in Veeva Systems by 152.9% in the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Veeva Systems in the 1st quarter worth approximately $32,000. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

VEEV has been the subject of a number of research reports. Canaccord Genuity Group boosted their price target on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Oppenheimer reissued an “outperform” rating and issued a $325.00 price target on shares of Veeva Systems in a research note on Thursday, August 28th. UBS Group boosted their price target on shares of Veeva Systems from $285.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Finally, Mizuho boosted their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Stock Performance

Shares of Veeva Systems stock opened at $287.04 on Monday. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The stock has a market capitalization of $47.05 billion, a price-to-earnings ratio of 58.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company has a fifty day moving average of $282.91 and a 200-day moving average of $265.25.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). The business had revenue of $789.08 million during the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. Veeva Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. On average, equities research analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the transaction, the insider directly owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,665 shares of company stock valued at $7,438,000. Insiders own 10.30% of the company’s stock.

About Veeva Systems

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.