Inspire Investing LLC Sells 4,088 Shares of Veeva Systems Inc. $VEEV

Inspire Investing LLC cut its position in Veeva Systems Inc. (NYSE:VEEV) by 21.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,373 shares of the technology company’s stock after selling 4,088 shares during the period. Inspire Investing LLC’s holdings in Veeva Systems were worth $4,580,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. grew its stake in shares of Veeva Systems by 64.2% in the second quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock worth $1,488,000 after purchasing an additional 2,020 shares during the last quarter. Stevens Capital Management LP acquired a new position in Veeva Systems during the 2nd quarter worth about $306,000. Orser Capital Management LLC acquired a new position in Veeva Systems during the 3rd quarter worth about $1,631,000. QRG Capital Management Inc. grew its position in shares of Veeva Systems by 15.7% in the 2nd quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock valued at $3,678,000 after buying an additional 1,735 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Veeva Systems by 12.5% in the second quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock valued at $13,030,000 after buying an additional 5,042 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company cut their price objective on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. BMO Capital Markets assumed coverage on Veeva Systems in a research note on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target on the stock. Piper Sandler raised their price objective on shares of Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Stifel Nicolaus lifted their price objective on shares of Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley increased their target price on shares of Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a research note on Thursday, August 28th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $307.42.

Insider Activity

In related news, insider Thomas D. Schwenger sold 3,350 shares of the firm’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 transaction, the insider directly owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the transaction, the senior vice president owned 7,868 shares in the company, valued at approximately $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 over the last quarter. Insiders own 10.30% of the company’s stock.

Veeva Systems Trading Down 0.5%

Shares of VEEV stock opened at $223.23 on Thursday. The firm has a fifty day simple moving average of $261.65 and a two-hundred day simple moving average of $275.55. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The firm has a market capitalization of $36.69 billion, a PE ratio of 43.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The business had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, equities analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

About Veeva Systems

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.