Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veeva Systems Inc shares valued at $681,116 were sold by MATEO ALAN on Apr 23 ’24. At $200.86 per share, MATEO ALAN sold 3,391 shares. The insider’s holdings dropped to 21,983 shares worth approximately $4.38 million following the completion of this transaction.
Also, Faddis Jonathan sold 3,598 shares, netting a total of over 746,297 in proceeds. Following the sale of shares at $207.42 each, the insider now holds 10,668 shares.
Before that, Cabral Timothy S had sold 15,000 shares from its account. In a trade valued at $3,390,657, the Director traded Veeva Systems Inc shares for $226.04 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $4.66 million.
As published in a research note from Wells Fargo on October 25, 2023, Veeva Systems Inc [VEEV] has been rated up from an Equal weight to an Overweight and the price target has been revised to $229 from $211. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of June 28, 2023, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for VEEV. Earlier on June 01, 2023, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for VEEV stock which previously was a “a Neutral”.
Analyzing VEEV Stock Performance
During the last five days, there has been a drop of approximately -0.23%. Over the course of the year, Veeva Systems Inc shares have jumped approximately 3.41%. Shares of the company reached a 52-week high of $236.90 on 03/14/24 and a 52-week low of $182.77 on 01/08/24. A 50-day SMA is recorded $219.52, while a 200-day SMA reached $202.45. Nevertheless, trading volume fell to 0.71 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Veeva Systems Inc (VEEV)
According to the 24-hour chart, there is a support level at 195.86, which, if violated, would cause prices to drop to 192.63. In the upper region, resistance lies at 200.92. The next price resistance is at 202.75. RSI (Relative Strength Index) is 28.76 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.99, which suggests the price will decrease in the coming days. Percent R is at 79.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
