Veeva Systems Inc (NYSE: VEEV) is 16.03% 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 $216.45 in the last trading session, with the day’s gains setting it 6.94%.
Currently trading at $223.39, the stock is 3.93% and 4.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 3.21% at the moment leaves the stock 8.77% off its SMA200. VEEV registered 15.08% gain for a year compared to 6-month gain of 9.55%. The firm has a 50-day simple moving average (SMA 50) of $213.1322 and a 200-day simple moving average (SMA200) of $205.3153.
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The stock witnessed a 8.00% loss in the last 1 month and extending the period to 3 months gives it a 19.56%, and is 6.97% 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 2.52% over the week and 2.13% over the month.
Veeva Systems Inc (VEEV) has around 7172 employees, a market worth around $36.17B and $2.57B in sales. Current P/E ratio is 59.63 and Fwd P/E is 32.68. Profit margin for the company is 23.91%. Distance from 52-week low is 37.28% and -5.70% from its 52-week high. The company has generated returns on investments over the last 12 months (11.77%).
The EPS is expected to grow by 28.89% this year
1322.0 institutions hold shares in Veeva Systems Inc (VEEV), with institutional investors hold 91.56% of the company’s shares. The shares outstanding are 161.26M, and float is at 147.48M with Short Float at 1.50%. Institutions hold 83.39% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.39 million shares valued at $2.63 billion. The investor’s holdings represent 8.9153 of the VEEV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.48 million shares valued at $1.74 billion to account for 5.8748 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 6.97 million shares representing 4.3158 and valued at over $1.27 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 3.1077 of the shares totaling 5.02 million with a market value of $918.08 million.
Veeva Systems Inc (VEEV) Insider Activity
The most recent transaction is an insider sale by Faddis Jonathan, the company’s SVP, Gen. Counsel, Secretary. SEC filings show that Faddis Jonathan sold 2,353 shares of the company’s common stock on Aug 21 ’24 at a price of $200.00 per share for a total of $0.47 million. Following the sale, the insider now owns 9035.0 shares.
Still, SEC filings show that on Jun 07 ’24, Cabral Timothy S (Interim CFO) disposed off 15,000 shares at an average price of $184.33 for $2.76 million. The insider now directly holds 8,391 shares of Veeva Systems Inc (VEEV).
