Veeva Systems Inc Class A (NYSE:VEEV) Sellers Strengthened By 18.94% Their Shorts As Of Jun 27, 2018

June 27, 2018 - By Fidelia Bagby

Veeva Systems Inc. (NYSE:VEEV) Corporate Logo

During 2018 Q1 the big money sentiment increased to 1.4. That’s change of 0.34, from 2017Q4’s 1.06. 25 investors sold all, 104 reduced holdings as Veeva Systems Inc. ratio is positive. 102 grew positions while 79 funds amassed positions. Funds hold 99.65 million shares thus 1.56% more from 2017Q4’s 98.12 million shares.
White Elm Capital Limited Liability Com holds 2.32% or 144,700 shs. Sumitomo Mitsui Trust reported 323,966 shs stake. Metropolitan Life Ny reported 8,252 shs or 0% of all its holdings. Paloma Partners stated it has 44,463 shs or 0.05% of all its holdings. Acadian Asset Management Ltd accumulated 150,982 shs. Synovus Financial Corporation invested 0% of its capital in Veeva Systems Inc. (NYSE:VEEV). Wells Fargo And Mn invested in 3.00 million shs. Creative Planning has 0% invested in Veeva Systems Inc. (NYSE:VEEV). Tompkins Corp reported 470 shs. Hitchwood Mngmt Limited Partnership reported 1.10M shs stake. Asset Inc has 0.03% invested in Veeva Systems Inc. (NYSE:VEEV). Robeco Institutional Asset Mgmt Bv holds 0% or 1,656 shs. 108,930 were accumulated by Stifel Fincl. Janney Montgomery Scott Ltd Liability has 0.08% invested in Veeva Systems Inc. (NYSE:VEEV). 367,400 are owned by Swiss Bancorp.

Veeva Systems Inc. had 30 insider sales and 0 buys since January 5, 2018. This’s net activity of $26.17 million. On Thursday, June 21 the insider MATEO ALAN sold $1.99 million. 25,000 shs were sold by Cabral Timothy S, worth $1.91M on Wednesday, March 14. Wallach Matthew J sold $927,409 worth of Veeva Systems Inc. (NYSE:VEEV) on Thursday, March 15. On Wednesday, March 21 1,108 shs were sold by SEKHRI PAUL J, worth $83,610. BARABE TIMOTHY C had sold 1,993 shs worth $155,773. On Friday, January 5 CODD RONALD E F sold $114,140 worth of Veeva Systems Inc. (NYSE:VEEV) or 2,000 shs.

Veeva Systems Inc Class A (NYSE:VEEV) reported an increase of 18.94% in shorted shares. FINRA issued in June VEEV’s total 4.30 million shorted shares. That’s 18.94% up from 3.62 million 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 the S&P 500 by 12.21%.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally.The firm is worth $11.18 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 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 Wednesday, February 28 Canaccord Genuity maintained the shares of VEEV in report with “Buy” rating. On Tuesday, January 30 the firm earned “Overweight” rating by Morgan Stanley. On Friday, March 2 the rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock rating was maintained by Canaccord Genuity with “Buy” on Friday, April 13. On Friday, March 9 the firm has “Neutral” rating by JP Morgan given. The stock rating was maintained by Deutsche Bank with “Hold” on Friday, May 25. On Thursday, March 1 the firm earned “Overweight” rating by Morgan Stanley. In Friday, March 23 report JMP Securities maintained it with “Market Outperform” rating and $80 target. On Friday, May 25 the firm has “Buy” rating by Canaccord Genuity given. On Friday, March 9 the rating was downgraded by J.P. Morgan to “Hold”.

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

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

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