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Timothy S. Cabral, a director at Veeva Systems Inc. (NYSE:VEEV), recently executed a significant stock sale, according to a recent SEC filing. On April 4, Cabral sold 3,882 shares of Veeva's Class A common stock at an average price of $216.83 per share, totaling approximately $841,734. The company, which maintains a strong balance sheet with more cash than debt, has demonstrated robust performance with 16.2% revenue growth in the last twelve months.
Following the transaction, Cabral holds 5,500 shares indirectly through the Cabral Family Trust. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted in December 2024. According to InvestingPro analysis, Veeva Systems currently appears undervalued compared to its Fair Value, with 19 analysts recently revising their earnings estimates upward. Subscribers can access 10+ additional ProTips and a comprehensive Pro Research Report covering Veeva's complete financial picture.
In other recent news, Veeva Systems reported strong fourth-quarter earnings, with a 14% year-over-year revenue increase, positively impacting margins and earnings. Stifel analysts noted that Veeva's guidance for fiscal year 2026 surpassed expectations, projecting 11% growth in both revenue and earnings per share. Citi analyst Tyler Radke reaffirmed a Buy rating, highlighting the company's fourth-quarter performance, which exceeded expectations, and its promising outlook for fiscal year 2025. Veeva's billing outlook for fiscal year 2026 anticipates an 11% year-over-year growth, suggesting a robust growth pipeline.
Raymond (NSE:RYMD) James maintained an Outperform rating, emphasizing stable revenue contributions from Veeva's top 10 customers and a 17% billings growth in the fourth fiscal quarter. Meanwhile, TD Cowen raised its price target for Veeva to $261, citing improving research and development dynamics and a robust adjusted operating income margin for fiscal year 2026.
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 disclosed plans for her replacement. These developments indicate Veeva's strong market position and strategic growth trajectory.
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