Insider Sell: Chief Marketing Officer Eleni Zuppas Sells 3,000 Shares of Veeva Systems Inc (VEEV)
Veeva Systems Inc (NYSE:VEEV), a leader in cloud-based software for the global life sciences industry, has reported an insider sell according to a recent SEC filing. Chief Marketing Officer Eleni Zuppas sold 3,000 shares of the company on January 12, 2024. The transaction was executed at an average price of $204.75, resulting in a total value of $614,250.
The insider's trades over the past year show a pattern of selling, with Eleni Zuppas having sold a total of 7,350 shares and having made no purchases. The insider transaction history for Veeva Systems Inc reveals a trend of more insider selling than buying over the past year, with 26 insider sells and no insider buys recorded.
Shares of Veeva Systems Inc were trading at $204.75 on the day of the insider's recent transaction, giving the company a market cap of $33.60 billion. The price-earnings ratio of the stock stands at 59.97, which is above the industry median of 27.04 but below the companys historical median price-earnings ratio.
According to the GuruFocus Value chart, with a current price of $204.75 and a GF Value of $240.03, Veeva Systems Inc is considered Modestly Undervalued, with a price-to-GF-Value ratio of 0.85. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders at Veeva Systems Inc.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value, suggesting that the stock is currently trading at a discount.
For investors monitoring insider activities, the recent sell by the insider may be of interest, although it is important to consider the broader context of the company's performance, valuation, and insider trading patterns when making investment decisions.
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.
This article first appeared on GuruFocus.
