Veeva Systems Inc Class A (NYSE:VEEV) Shorts Strengthened By 18.94%

June 27, 2018 - By Bridget Boland

Veeva Systems Inc. (NYSE:VEEV) Corporate Logo

Big Money Sentiment increased to 1.4 in 2018 Q1. It has change of 0.34, from 2017Q4’s 1.06. The ratio is positive due to Veeva Systems Inc. positioning: 25 sold and 104 reduced. 79 funds bought stakes and 102 increased stakes. Investors holded 98.12 million in 2017Q4 but now own 99.65 million shares or 1.56% more.
Macquarie Gru Limited holds 3,400 shs. Gateway Investment Advisers Ltd Liability invested in 73,005 shs or 0.05% of the stock. First American National Bank holds 0.02% or 3,699 shs. Profund Lc holds 42,989 shs or 0.12% of its capital. Raymond James Financial Advsr reported 30,645 shs. Point72 Asset Mngmt L P invested 0% in Veeva Systems Inc. (NYSE:VEEV). White Elm Cap Limited Liability Corp stated it has 2.32% of its capital in Veeva Systems Inc. (NYSE:VEEV). Synovus reported 2,741 shs. Creative Planning has invested 0% in Veeva Systems Inc. (NYSE:VEEV). Nicholas Inv L P reported 0.32% in Veeva Systems Inc. (NYSE:VEEV). Wealthtrust has 0.01% invested in Veeva Systems Inc. (NYSE:VEEV). Sg Americas Secs Limited Liability Co invested in 0% or 5,828 shs. Gulf Interest Retail Bank (Uk) Ltd, a United Kingdom-based fund reported 33,000 shs. Walter Keenan Finance Consulting Mi Adv has invested 0.12% in Veeva Systems Inc. (NYSE:VEEV). Wasatch Advisors Inc has 0.03% invested in Veeva Systems Inc. (NYSE:VEEV).

Veeva Systems Inc. registered $26.17 million net activity with 0 insider purchases and 30 sales since January 5, 2018. On Wednesday, February 28 a trade for 4,622 shs valued at $300,430 was made by SEKHRI PAUL J. The insider MATEO ALAN sold $27,428. Shares for $232,704 were sold by Lequient Frederic on Friday, June 1. $1.91 million worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Cabral Timothy S. On Friday, June 1 Shares for $48,654 were sold by Faddis Jonathan. BARABE TIMOTHY C sold $54,356 worth of Veeva Systems Inc. (NYSE:VEEV) on Thursday, May 31.

Veeva Systems Inc Class A (NYSE:VEEV) recorded an increase of 18.94% in shares shorted. FINRA issued in June VEEV’s total 4.30M shares shorted. That’s 18.94% up from 3.62M shares. With Average volume 881,200, VEEV’s former position will take 5 days to recover. Float short on Veeva Systems Inc Class A is 3.79%.

The stock decreased 0.68% or $0.53 during the last trading session, reaching $77.94.Veeva Systems Inc. has volume of 269,796 shares. Since June 27, 2017 VEEV has risen 24.78% and is uptrending. VEEV outperformed by 12.21% the S&P 500.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally.The company has $11.18 billion market cap. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality.The P/E ratio is 84.72. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

In total 10 analysts cover Veeva Systems (NYSE:VEEV). “Buy” rating has 7, “Sell” are 0, while 3 are “Hold”. 70% are bullish. 14 are the (NYSE:VEEV)’s analyst reports since January 30, 2018 according to StockzIntelligence Inc. On Friday, May 25 the firm has “Hold” rating by Deutsche Bank given. On Friday, March 9 the stock has “Hold” rating by J.P. Morgan. On Friday, May 25 the firm earned “Buy” rating by Canaccord Genuity. The stock rating was maintained by Canaccord Genuity with “Buy” on Wednesday, February 28. On Thursday, March 1 the rating was maintained by Morgan Stanley with “Overweight”. On Friday, March 2 KeyBanc Capital Markets maintained Veeva Systems Inc. (NYSE:VEEV) with “Overweight” rating. On Friday, May 25 Morgan Stanley maintained Veeva Systems Inc. (NYSE:VEEV) rating. Morgan Stanley has “Overweight” rating and $78 target. On Friday, March 23 the stock of Veeva Systems Inc. (NYSE:VEEV) has “Market Outperform” rating given by JMP Securities. On Friday, March 9 JP Morgan downgraded Veeva Systems Inc. (NYSE:VEEV) to “Neutral” rating. On Wednesday, February 28 Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) rating. Stifel Nicolaus has “Buy” rating and $70 target.

More recent Veeva Systems Inc. (NYSE:VEEV) news were published by Benzinga.com, Benzinga.com and Fool.com. The first one has “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” as a title and was published on June 25, 2018. The next is “8 Biggest Price Target Changes For Wednesday” on June 27, 2018. And last was published on May 30, 2018, called “4 Reasons to Buy Veeva Systems Stock”.

Veeva Systems Inc. (NYSE:VEEV) Institutional Investors Chart

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