Veeva Systems Inc (NYSE: VEEV) is 0.18% higher on its value in year-to-date trading and has touched a low of $162.72 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 $188.20 in the last trading session, with the day’s gains setting it 4.66%.
Currently trading at $192.86, the stock is 3.09% and 4.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.54 million and changing 2.48% at the moment leaves the stock -2.57% off its SMA200. VEEV registered 0.86% gain for a year compared to 6-month loss of -12.60%.
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The stock witnessed a 6.01% gain in the last 1 month and extending the period to 3 months gives it a -8.76%, and is 3.99% 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 2.03% over the week and 2.61% over the month.
Veeva Systems Inc (VEEV) has around 7172 employees, a market worth around $31.18B and $2.49B in sales. Current P/E ratio is 56.88 and Fwd P/E is 28.40. Profit margin for the company is 22.34%. Distance from 52-week low is 18.52% and -18.59% from its 52-week high. The company has generated returns on investments over the last 12 months (11.26%).
Veeva Systems Inc quarterly earnings per share for the current quarter are estimated at 1.52 with sales reaching $668.39M over the same period.The EPS is expected to grow by 27.35% this year, but quarterly earnings will post 14.50% year-over-year. Quarterly sales are estimated to grow 13.20% in year-over-year returns.
1295.0 institutions hold shares in Veeva Systems Inc (VEEV), with institutional investors hold 91.33% of the company’s shares. The shares outstanding are 161.26M, and float is at 147.21M with Short Float at 1.47%. Institutions hold 83.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.15 million shares valued at $$3.28 billion. The investor’s holdings represent 8.8145 of the VEEV Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 9.32 million shares valued at $$2.16 billion to account for 5.8063 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 6.82 million shares representing 4.2489 and valued at over $$1.58 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.5432 of the shares totaling 5.69 million with a market value of $$1.32 billion.
Veeva Systems Inc (VEEV) Insider Activity
The most recent transaction is an insider sale by Cabral Timothy S, the company’s Interim CFO. SEC filings show that Cabral Timothy S sold 15,000 shares of the company’s common stock on Jun 07 ’24 at a price of $184.33 per share for a total of $2.76 million. Following the sale, the insider now owns 8391.0 shares.
Veeva Systems Inc disclosed in a document filed with the SEC on Apr 23 ’24 that MATEO ALAN (EVP Global Sales) sold a total of 3,391 shares of the company’s common stock. The trade occurred on Apr 23 ’24 and was made at $200.86 per share for $0.68 million. Following the transaction, the insider now directly holds 21983.0 shares of the VEEV stock.
Still, SEC filings show that on Apr 15 ’24, Faddis Jonathan (SVP, Gen. Counsel, Secretary) disposed off 3,598 shares at an average price of $207.42 for $0.75 million. The insider now directly holds 10,668 shares of Veeva Systems Inc (VEEV).
