Veeva Systems Inc (VEEV) Files Form 4 Insider Selling : Timothy S Cabral Sells 35,875 Shares

Veeva Systems Inc (VEEV): Timothy S Cabral , Chief Financial Officer of Veeva Systems Inc sold 35,875 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $34.42 per share for a total value of $1,235,014.38 , 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 15, 2016, Gordon Ritter (director) sold 88,000 shares at $34.16 per share price.On Jun 15, 2016, Ronald E F Codd (director) sold 10,000 shares at $34.32 per share price.Also, On Jun 13, 2016, Matthew J Wallach (President) sold 84,000 shares at $34.75 per share price.On Jun 10, 2016, Timothy S Cabral (Chief Financial Officer) sold 41,875 shares at $34.77 per share price.

Veeva Systems Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Veeva Systems Inc which led to swings in the share price. The shares opened for trading at $34.15 and hit $34.68 on the upside , eventually ending the session at $34.34, with a gain of 1.09% or 0.37 points. The heightened volatility saw the trading volume jump to 19,52,035 shares. The 52-week high of the share price is $35.69 and the company has a market cap of $4,628 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 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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