Veeva Systems Inc’s recently made public that 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 $4.47 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 $4.75 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 -0.15% to $203.14. Over the last five days, the stock has gained 0.77%. Veeva Systems Inc shares have risen nearly 5.52% since the year began. Nevertheless, the stocks have risen 13.68% 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 $216.83, while 200 days put it at $202.26. A total of 0.51 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For VEEV Stock
The 24-hour chart illustrates a support level at 201.75, which if violated will result in even more drops to 200.36. On the upside, there is a resistance level at 204.58. A further resistance level may holdings at 206.02. The Relative Strength Index (RSI) on the 14-day chart is 42.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.50%. Stochastics %K at 68.77% indicates the stock is a holding.
