Veeva Systems Inc (VEEV) Files Form 4 Insider Selling : Gordon Ritter Sells 5,600 Shares

Veeva Systems Inc (VEEV): Gordon Ritter , director of Veeva Systems Inc sold 5,600 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $26.84 per share for a total value of $150,312.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Matthew J Wallach (President) sold 84,000 shares at $26.82 per share price.On May 6, 2016, Jonathan Faddis (SVP, Gen. Counsel, Secretary) sold 500 shares at $27.26 per share price.Also, On Apr 20, 2016, Mark Armenante (10% owner) sold 150,000 shares at $25.60 per share price.On Apr 20, 2016, Gordon Ritter (director) sold 5,600 shares at $25.60 per share price.

Veeva Systems Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Veeva Systems Inc which led to swings in the share price. The shares opened for trading at $26.55 and hit $27.14 on the upside , eventually ending the session at $27, with a gain of 1.09% or 0.29 points. The heightened volatility saw the trading volume jump to 8,08,913 shares. The 52-week high of the share price is $29.34 and the company has a market cap of $3,622 M . The 52-week low of the share price is at $19.97.

Veeva Systems Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Veeva Systems Inc is Reiterated by Canaccord Genuity to Buy while Lowering the Price Target of the company shares to $ 32 from a previous price target of $35 . The Rating was issued on Mar 2, 2016.

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company’s industry cloud for life sciences consists of the solution sets: Veeva CRM its core customer relationship management solution and related solutions; Veeva Vault its regulated content management and collaboration solutions; Veeva Network its customer master data management solution and Veeva OpenKey its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production the prior version is replaced. Veeva OpenKey customer data is available in Australia China France Italy the United Kingdom and the United States.

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