Veeva Systems Inc (VEEV) Files Form 4 Insider Selling : Mark Armenante Sells 10,000 Shares

Veeva Systems Inc (VEEV): Mark Armenante , 10% owner of Veeva Systems Inc sold 10,000 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $25.89 per share for a total value of $258,875.00 according the SEC Form 4 Filing.

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.

Currently the company Insiders own 34.1% of Veeva Systems Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -86.21%.Institutional Investors own 63.39% of Veeva Systems Inc shares.During last six month period, the net percent change held by insiders has seen a change of -86.21%.

Shares of Veeva Systems Inc (VEEV) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.27% at $25.44 with 7,94,248 shares getting traded. Post opening the session at $25.59, the shares hit an intraday low of $25.33 and an intraday high of $25.9 and the price vacillated in this range throughout the day. The company has a market cap of $3,413 M and the number of outstanding shares has been calculated to be 13,41,52,891 shares. The 52-week high of Veeva Systems Inc is $29.34 and the 52-week low is $19.97.

Veeva Systems Inc Money Flow Index Chart

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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