Veeva Systems Inc (NYSE: VEEV) is 19.17% higher on its value in year-to-date trading and has touched a low of $160.21 and a high of $236.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VEEV stock was last observed hovering at around $230.42 in the last trading session, with the day’s loss setting it -1.0%.
Currently trading at $229.42, the stock is 0.76% and 5.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -0.43% at the moment leaves the stock 14.32% off its SMA200. VEEV registered 31.80% gain for a year compared to 6-month gain of 12.94%. The firm has a 50-day simple moving average (SMA 50) of $13.95 and a 200-day simple moving average (SMA200) of $71.37.
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The stock witnessed a 3.51% loss in the last 1 month and extending the period to 3 months gives it a 22.67%, and is 0.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.44% over the week and 2.14% over the month.
Veeva Systems Inc (VEEV) has around 6744 employees, a market worth around $36.94B and $2.36B in sales. Current P/E ratio is 71.29 and Fwd P/E is 33.59. Profit margin for the company is 22.24%. Distance from 52-week low is 43.20% and -3.16% from its 52-week high. The company has generated returns on investments over the last 12 months (11.21%).
Veeva Systems Inc quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $641.94M over the same period.The EPS is expected to grow by 26.99% this year, but quarterly earnings will post 15.70% year-over-year.
Veeva Systems Inc (VEEV) Top Institutional Holders
1,224 institutions hold shares in Veeva Systems Inc (VEEV), with institutional investors hold 91.89% of the company’s shares. The shares outstanding are 161.02M, and float is at 146.62M with Short Float at 1.43%. Institutions hold 84.35% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.16 million shares valued at $3.02 billion. The investor’s holdings represent 8.17% of the VEEV Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 9.27 million shares valued at $2.13 billion to account for 5.76% of the shares outstanding. The other top investors are Alliancebernstein L.P. which holds 6.74 million shares representing 4.19% and valued at over $1.55 billion, while Artisan Partners Limited Partnership holds 4.09% of the shares totaling 6.58 million with a market value of $1.51 billion.
Veeva Systems Inc (VEEV) Insider Activity
The most recent transaction is an insider sale by Cabral Timothy S,the company’sDirector. SEC filings show that Cabral Timothy S sold 15,000 shares of the company’s common stock on Mar 07 ’24 at a price of $226.04 per share for a total of $3.39 million. Following the sale, the insider now owns 23391.0 shares.
Veeva Systems Inc disclosed in a document filed with the SEC on Feb 05 ’24 that Wallach Matthew J (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $203.43 per share for $1.02 million. Following the transaction, the insider now directly holds 0.1 million shares of the VEEV stock.
Still, SEC filings show that on Jan 22 ’24, Schwenger Thomas D. (President and COO) disposed off 1,238 shares at an average price of $210.02 for $0.26 million. The insider now directly holds 24,342 shares of Veeva Systems Inc (VEEV).
