Veeva Systems’ chief customer officer sells $265,168 in stock

PLEASANTON, CA—Thomas D. Schwenger, President and Chief Customer Officer at Veeva Systems Inc. (NYSE:VEEV), a company currently valued at $36.2 billion with strong financial health according to InvestingPro metrics, recently sold shares of the company’s stock, according to a filing with the Securities and Exchange Commission. On April 14, Schwenger sold a total of 1,200 shares of Veeva’s Class A common stock. The transactions occurred at a weighted average price range between $220.7619 and $221.4006 per share, totaling approximately $265,168. The stock, which has delivered a 10.9% return over the past year and maintains a robust current ratio of 4.5, currently trades near $222.72.

Following these transactions, Schwenger holds 25,889 shares directly. The sales were conducted under a pre-arranged trading plan established on January 7, 2025, in compliance with Rule 10b5-1. This allows company insiders to set up a predetermined plan to sell company stock, helping to avoid potential insider trading accusations. For deeper insights into insider trading patterns and comprehensive analysis, access the full Veeva Systems Pro Research Report, available exclusively on InvestingPro.

In other recent news, Veeva Systems reported strong fourth-quarter results, with a 14% year-over-year revenue increase and a 26% rise in earnings, positively impacting its margins. The company also provided optimistic guidance for fiscal year 2026, projecting 11% growth in both revenue and EPS, surpassing consensus estimates. Analysts from Citi and Stifel have maintained their Buy ratings, with price targets set at $307 and $272, respectively, citing Veeva’s robust product adoption and promising growth outlook. Meanwhile, TD Cowen raised its price target to $261, highlighting the company’s improving research and development dynamics and strong adjusted operating income margin.

Additionally, Veeva Systems announced the upcoming retirement of board member Tina Hunt, effective immediately before the 2025 annual meeting of shareholders. The company has not yet disclosed plans for her replacement. Analyst Brian Peterson from Raymond (NSE:RYMD) James reiterated an Outperform rating with a $285 target, noting Veeva’s stable revenue from top customers and a 17% growth in billings for the fourth fiscal quarter. The analyst also observed a shift in customer migration from Salesforce-powered CRM to Veeva’s Vault CRM.

Veeva’s recent SEC filings and analyst reports underscore its strategic direction and ongoing customer engagement, with a focus on expanding its reach among both large and smaller organizations. The company’s guidance and analyst ratings reflect confidence in its ability to maintain growth momentum in the coming fiscal year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.