Young Sohn Insider Sell Transaction
The major shareholder of Veeva Systems Inc (NYSE:VEEV)
Veeva Systems Inc Stock Rating, Sentiment and Fundamentals
After this deal one thing is clear, Young is not confident about the publishing industries ‘s company future. For 2015 the company’s expert analysts are projecting $0.46 earnings for each share. This gives it a price-earnings ratio of 59.66. The expected earnings for each share growth rate year-on-year is less than 29.50%.
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|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||BUY|
* Read How Our Stock Ratings System Works
Our analysts have no choice but to rate the stock a sell and not just because of Young’s stock deal, but also our live-tested time-momentum model which is displayed on the chart below. The share price of Veeva Systems Inc’s has went down 1.84 % in just the last 125 days, showing a steady and strong downtrend.
Price Chart of Veeva Systems NYSE:VEEV Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
As the best Scott Bessent, a hedge fund legend, shared, best money is made through a mix of both fundamental as well as technical analysis. Published 20/11/2015, you can learn more about the sale by looking at the following legal filing here.
Hedge Funds Ownership
Data gathered from SEC filings, show that 155 institutional investors and hedge funds holded Veeva Systems Inc. The institutional ownership of the company in the last quarter is high, at 54.53 % of the shares outstanding. They increased by 6.55 million the total shares they hold. As of that quarter these stock owners owned 72.20 million shares. A total of 23 funds opened new positions in Veeva Systems Inc and 74 increased their holdings. There were 40 funds that closed their positions and 40 that reduced them.
Christopher Lyle’s Scge Management L.P. is the most positive hedge fund on Veeva Systems Inc, with ownership of 1.55 million shares as of Q2 2015 for 5.78% of the fund’s portfolio. Emerald Mutual Fund Advisers Trust is another positive institutional manager possessing 582,322 shares of the company or 1.26% of their stocks portfolio. The stock is also 1.55% of the fund’s AUM. The California-based fund Avalon Global Asset Management Llc have 2.61% of their stock portfolio invested in the company for 142,300 shares. Further, The California-based fund Glynn Capital Management Llc revealed it had acquired a stake worth 1.74% of the fund’s stock portfolio in the company. The Pennsylvania-based fund Emerald Advisers Inc Pa was also a notable believer in the firm, possessing 790,369 shares. Veeva Systems Inc is 1.06% of the fund’s stock portfolio.
Veeva Systems NYSE:VEEV Company Profile
Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company’s industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.
Company Website: Veeva Systems
Today its market worth is: $3.61 billion and it has 132.43 million shares outstanding. As of writing there are 53.98% shareholders and the institutional ownership is 53.98%. Veeva Systems Inc has 951 employees. Veeva Systems Inc was created in Delaware on 2007-01-12. The stock closed at $27.280001 yesterday and it had average 2 days volume of 186460 shares. It is up from the 30 days average shares volume of 176675. Veeva Systems Inc has a one year low of $22.11 and a 52weeks high of $33.65. The current price is above the 200 days SMA. Veeva Systems Inc last issued its quarterly earnings stats on 08/27/2015. The company reported 0.1 EPS for the quarter, same as the consensus estimate of 0.1 . The company had a revenue of 98.11 million for 7/31/2015 and 89.92 million for 4/30/2015. Therefore, the revenue was 8.18 million up.
* The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person.
* Shares held by the Young Sohn Grantor Retained Annuity Trust dated May 21 – 2013 (the “Sohn GRAT”). The Reporting Person is a trustee and beneficiary of the Sohn GRAT and may be deemed to share voting and dispositive power with regard to the reported shares held by the Sohn GRAT.
* Each share of Class B Common Stock is convertible – at any time at the option of the holder – into one (1) share of Class A Common Stock and has no expiration date. In addition – each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer – whether or not for value – which occurs after the closing of the IPO – except for certain permitted transfers described in – and transfers to any “permitted transferee” as defined in – the Issuer’s restated certificate of incorporation. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15 – 2023.
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