23.05% Less Veeva Systems Inc Class A (NYSE:VEEV) Shorted Shares

May 3, 2018 - By Anthony Rauscher

Veeva Systems Inc. (NYSE:VEEV) Corporate Logo

During 2017 Q4 the big money sentiment decreased to 1.06. That’s change of 0.57, from 2017Q3’s 1.63. 51 investors sold all, 91 reduced holdings as Veeva Systems Inc. ratio worsened. 96 grew stakes while 54 funds amassed stakes. Funds hold 98.12 million shares thus 2.33% more from 2017Q3’s 95.88 million shares.
Federated Pa reported 4.11 million shs. The New York-based Jpmorgan Chase Com has invested 0.03% in Veeva Systems Inc. (NYSE:VEEV). Spectrum Asset Management (Nb Ca) owns 0.36% invested in Veeva Systems Inc. (NYSE:VEEV) for 8,545 shs. Barbara Oil Communication has 10,000 shs for 0.35% of their capital. Van Eck Associates Corp, New York-based fund reported 609,985 shs. Chicago Equity Prns Lc invested 0.31% of its capital in Veeva Systems Inc. (NYSE:VEEV). Ahl Ptnrs Llp reported 50,688 shs stake. Twin Cap Mngmt has invested 0.07% in Veeva Systems Inc. (NYSE:VEEV). Cornerstone Advsr owns 539 shs for 0.02% of their capital. 540 were reported by Point72 Asia (Hong Kong). Sfmg Ltd owns 13,405 shs. Bnp Paribas Asset Mgmt Holdings reported 0.05% in Veeva Systems Inc. (NYSE:VEEV). Hanseatic has invested 0.14% in Veeva Systems Inc. (NYSE:VEEV). Gateway Inv Advisers Ltd Liability reported 0.03% stake. National Bank Of Ny Mellon invested 0.01% in Veeva Systems Inc. (NYSE:VEEV).

Veeva Systems Inc. registered $19.58 million net activity with 0 insider buys and 22 selling transactions since December 15, 2017. Shares for $23,613 were sold by MATEO ALAN on Thursday, March 1. The insider Cabral Timothy S sold $3.84M. Another trade for 4,622 shs valued at $300,430 was sold by SEKHRI PAUL J. The insider CODD RONALD E F sold $167,280. On Tuesday, March 6 Zuppas Eleni Nitsa also sold $3.85M worth of Veeva Systems Inc. (NYSE:VEEV). The insider Lequient Frederic sold $930,000.

Veeva Systems Inc Class A (NYSE:VEEV) showed a decrease of 23.05% in shorted shares. In May was issued VEEV’s total 2.98M shorted shares by FINRA. The down change of 23.05% from 3.87M shares was reported. Former VEEV’s position will need 3 days to recover. It has 1.14 million average volume. Float short on Veeva Systems Inc Class A is 2.62%.

Ticker’s shares touched $69.78 during the last trading session after 1.29% change.Currently Veeva Systems Inc. is uptrending after 42.88% change in last May 3, 2017. VEEV has also 173,156 shares volume. The stock outperformed the S&P 500 by 31.33%.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally.The firm is valued at $9.94 billion. 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 75.85. 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

A total of 9 analysts rate Veeva Systems (NYSE:VEEV) as follows: 6 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 67% are bullish. (NYSE:VEEV) has 13 ratings reports on May 3, 2018 according to StockzIntelligence. On Friday, March 2 the firm has “Overweight” rating given by KeyBanc Capital Markets. On Friday, March 9 the company was downgraded by J.P. Morgan. On Thursday, March 1 the firm has “Overweight” rating given by Morgan Stanley. On Wednesday, February 28 Canaccord Genuity maintained the shares of VEEV in report with “Buy” rating. The stock rating was maintained by Canaccord Genuity with “Buy” on Wednesday, December 6. In Wednesday, February 28 report Stifel Nicolaus maintained it with “Buy” rating and $70 target. On Friday, March 9 the rating was downgraded by JP Morgan to “Neutral”. On Sunday, November 12 the company was maintained by KeyBanc Capital Markets. On Tuesday, December 5 the firm has “Hold” rating given by Raymond James. In Tuesday, January 30 report Morgan Stanley upgraded the stock to “Overweight” rating.

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

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