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Keeping an Eye on Veeva Systems Inc (VEEV) After Insider Trading Activity

In a filing, Veeva Systems Inc revealed its EVP Global Sales MATEO ALAN unloaded Company’s shares for reported $0.68 million on Apr 23 ’24. In the deal valued at $200.86 per share,3,391 shares were sold. As a result of this transaction, MATEO ALAN now holds 21,983 shares worth roughly $4.43 million.

Then, Faddis Jonathan sold 3,598 shares, generating $746,297 in total proceeds. Upon selling the shares at $207.42, the SVP, Gen. Counsel, Secretary now owns 10,668 shares.

Before that, Cabral Timothy S sold 15,000 shares. Veeva Systems Inc shares valued at $3,390,657 were divested by the Director at a price of $226.04 per share. As a result of the transaction, Cabral Timothy S now holds 23,391 shares, worth roughly $4.72 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 jump 0.33% to $201.58. Over the last five days, the stock has gained 1.27%. Veeva Systems Inc shares have risen nearly 4.71% since the year began. Nevertheless, the stocks have risen 15.16% 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 $218.69, while 200 days put it at $202.39. A total of 0.81 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For VEEV Stock

The 24-hour chart illustrates a support level at 200.49, which if violated will result in even more drops to 199.41. On the upside, there is a resistance level at 203.20. A further resistance level may holdings at 204.83. The Relative Strength Index (RSI) on the 14-day chart is 35.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.25%. Stochastics %K at 28.16% indicates the stock is a holding.

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