Veeva Systems Inc (VEEV) Files Form 4 Insider Selling : Jonathan Faddis Sells 500 Shares

Veeva Systems Inc (VEEV): Jonathan Faddis , SVP, Gen. Counsel, Secretary of Veeva Systems Inc sold 500 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $27.26 per share for a total value of $13,630.00 , 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 4, 2016, Jonathan Faddis (VP, General Counsel, Secretary) sold 500 shares at $25.51 per share price.On Apr 20, 2016, Mark Armenante (10% owner) sold 150,000 shares at $25.60 per share price.Also, On Apr 20, 2016, Gordon Ritter (director) sold 5,600 shares at $25.60 per share price.On Apr 18, 2016, Young A Sohn (10% owner) sold 137,500 shares at $25.86 per share price.

Shares of Veeva Systems Inc (VEEV) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.33 points or -1.21% at $27.01 with 11,33,845 shares getting traded. Post opening the session at $27.26, the shares hit an intraday low of $26.55 and an intraday high of $27.34 and the price vacillated in this range throughout the day. The company has a market cap of $3,623 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

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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