Veeva Systems SVP Faddis Jonathan sells 720 shares for $285.62 each.

Veeva Systems Inc. (VEEV) has announced that Jonathan Faddis, Senior Vice President, General Counsel, and Secretary, has sold 720 shares at a price of $285.62 per share on July 10, 2025.

Veeva Systems Inc. (NYSE:VEEV) has announced that Jonathan Faddis, Senior Vice President, General Counsel, and Secretary, sold 720 shares of the company's stock on July 10, 2025, at a price of $285.62 per share. This transaction was disclosed in the company's latest 13F filing with the Securities and Exchange Commission (SEC).

As of the end of the most recent reporting period, institutional investors and hedge funds collectively owned 88.20% of Veeva Systems' stock [1]. Faddis' sale represents a 5.42% decrease in his ownership of the stock, leaving him with 5,500 shares valued at approximately $1,593,460 [1].

The sale comes amidst a period of strong performance for Veeva Systems. The company reported $1.97 earnings per share (EPS) for the quarter ending May 28, 2025, beating analysts' consensus estimates of $1.74 by $0.23. Revenue for the quarter was $759.04 million, a 16.7% increase on a year-over-year basis [1].

Veeva Systems' stock has seen significant analyst interest, with several firms upgrading their ratings and price targets. KeyCorp, for instance, dropped its price target on shares of Veeva Systems from $260.00 to $250.00 and set an "overweight" rating on the stock [1]. Mizuho raised their price target from $280.00 to $295.00 and gave the company an "outperform" rating [1]. The company currently has a consensus rating of "Moderate Buy" and a consensus target price of $271.04 [1].

Despite the positive analyst sentiment, it is important for investors to consider the broader market conditions and the company's specific financial health before making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-veeva-systems-inc-nyseveev-shares-sold-by-envestnet-asset-management-inc-2025-07-10/