Veeva Systems Inc’s recent filing unveils that its Director Cabral Timothy S unloaded Company’s shares for reported $3.39 million on Mar 07 ’24. In the deal valued at $226.04 per share,15,000 shares were sold. As a result of this transaction, Cabral Timothy S now holds 23,391 shares worth roughly $4.72 million.
Then, Wallach Matthew J sold 5,000 shares, generating $1,017,147 in total proceeds. Upon selling the shares at $203.43, the Director now owns 104,025 shares.
Before that, Schwenger Thomas D. sold 1,238 shares. Veeva Systems Inc shares valued at $260,001 were divested by the President and COO at a price of $210.02 per share. As a result of the transaction, Schwenger Thomas D. now holds 24,342 shares, worth roughly $4.91 million.
Wells Fargo upgraded its Veeva Systems Inc [VEEV] rating to an Overweight from a an Equal weight in a research note published on October 25, 2023; the price target was increased to $229 from $211. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering VEEV and has decreased its forecast on June 28, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Guggenheim revised its rating on June 01, 2023. It rated VEEV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of VEEV
On Monday, Veeva Systems Inc [NYSE:VEEV] saw its stock fall -2.48% to $201.62. Over the last five days, the stock has lost -6.21%. Veeva Systems Inc shares have risen nearly 4.73% since the year began. Nevertheless, the stocks have risen 11.52% over the past one year. While a 52-week high of $236.90 was reached on 03/14/24, a 52-week low of $160.21 was recorded on 01/08/24. SMA at 50 days reached $221.57, while 200 days put it at $202.38. A total of 1.31 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For VEEV Stock
The 24-hour chart illustrates a support level at 198.94, which if violated will result in even more drops to 196.26. On the upside, there is a resistance level at 206.56. A further resistance level may holdings at 211.50. The Relative Strength Index (RSI) on the 14-day chart is 26.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.76%. Stochastics %K at 4.52% indicates the stock is a buying.
