Veeva Systems Inc (VEEV) Files Form 4 Insider Selling : Gordon Ritter Sells 16,134 Shares

Veeva Systems Inc (VEEV): Gordon Ritter , director of Veeva Systems Inc sold 16,134 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $33.01 per share for a total value of $532,536.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Timothy S Cabral (Chief Financial Officer) sold 35,875 shares at $34.42 per share price.On Jun 15, 2016, Gordon Ritter (director) sold 88,000 shares at $34.16 per share price.Also, On Jun 15, 2016, Ronald E F Codd (director) sold 10,000 shares at $34.32 per share price.On Jun 13, 2016, Matthew J Wallach (President) sold 84,000 shares at $34.75 per share price.

Shares of Veeva Systems Inc (VEEV) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -1.34 points or -3.91% at $32.96 with 24,40,427 shares getting traded. Post opening the session at $33.84, the shares hit an intraday low of $32.61 and an intraday high of $33.895 and the price vacillated in this range throughout the day. The company has a market cap of $4,442 M and the number of outstanding shares has been calculated to be 13,47,64,480 shares. The 52-week high of Veeva Systems Inc is $35.69 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 Initiated by BofA/Merrill to Neutral and the brokerage firm has set the Price Target at $40. The Rating was issued on Jun 17, 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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