President & Chief Customer Officer Thomas Schwenger of Veeva Systems Inc (VEEV, Financial) sold 1,126 shares of the company on November 8, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 27,013 shares of the company.
Veeva Systems Inc specializes in cloud-based software for the global life sciences industry. The company offers solutions for clinical trial management, clinical data management, regulatory compliance, and more, helping to streamline operations for pharmaceutical companies and other stakeholders.
Over the past year, Thomas Schwenger has sold a total of 2,364 shares of Veeva Systems Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 16 insider sells and no insider buys over the past year.
On the date of the latest transaction, shares of Veeva Systems Inc were trading at $240.01, giving the company a market cap of approximately $38.34 billion. The price-earnings ratio of the stock stands at 63.17, which is above the industry median of 22.04.
The stock's valuation metrics show a GF Value of $236.79, leading to a price-to-GF-Value ratio of 1.01. This suggests that Veeva Systems Inc is Fairly Valued based on its GF Value, which considers historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of confidence in the company's prospects or for other strategic reasons.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
