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Jonathan Faddis, Senior Vice President, General Counsel, and Secretary at Veeva Systems Inc. (NYSE:VEEV), a company currently valued at $36.9 billion with a GREAT financial health score according to InvestingPro, recently executed a series of stock transactions. On April 2, 2025, Faddis sold 787 shares of Veeva Systems’ Class A Common Stock at an average price of $226.20 per share, amounting to a total of $178,019. This sale was conducted under a pre-established Rule 10b5-1 trading plan.
Additionally, on April 1, 2025, Faddis acquired 1,120 shares through the exercise of Restricted Stock Units (RSUs), a transaction exempt from market pricing, and subsequently withheld 401 shares to cover tax obligations, valued at $227.90 per share. After these transactions, Faddis holds 8,668 shares of Veeva Systems.
In other recent news, Veeva Systems reported strong fourth-quarter earnings, with a notable 14% year-over-year revenue increase that positively impacted both margins and earnings. The company’s guidance for fiscal year 2026 projects an 11% revenue and EPS growth, surpassing expectations. Analysts from Stifel and Citi both reaffirmed a Buy rating on Veeva, highlighting the company’s robust fourth-quarter performance and promising outlook for fiscal year 2025, with anticipated billing growth of 11%.
Meanwhile, TD Cowen raised its price target for Veeva to $261, citing the company’s improved research and development growth and a stronger adjusted operating income margin for fiscal year 2026. In related developments, Raymond (NSE:RYMD) James maintained an Outperform rating with a $285 target, noting consistent revenue contributions from Veeva’s top customers and a 17% billings growth in the fourth quarter. The firm also observed a shift in CRM seats from Salesforce (NYSE:CRM) to Veeva’s own Vault CRM.
Additionally, Veeva Systems announced the upcoming retirement of board member Tina Hunt, effective before the 2025 annual meeting of shareholders. The company has not disclosed plans for her replacement. These recent developments reflect Veeva Systems’ continued growth trajectory and strategic initiatives.
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