In a filing, Veeva Systems Inc revealed its SVP, Gen. Counsel, Secretary Faddis Jonathan unloaded Company’s shares for reported $0.47 million on Aug 21 ’24. In the deal valued at $200.00 per share,2,353 shares were sold. As a result of this transaction, Faddis Jonathan now holds 9,035 shares worth roughly $1.98 million.
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Then, Faddis Jonathan bought 2,353 shares, generating $470,600 in total proceeds.
Before that, Cabral Timothy S sold 15,000 shares. Veeva Systems Inc shares valued at $2,764,931 were divested by the Interim CFO at a price of $184.33 per share. As a result of the transaction, Cabral Timothy S now holds 8,391 shares, worth roughly $1.84 million.
Exane BNP Paribas initiated its Veeva Systems Inc [VEEV] rating to an Outperform in a research note published on October 08, 2024; the price target was $286. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. BTIG Research began covering VEEV with “Buy” recommendation on July 09, 2024. Wells Fargo revised its rating on October 25, 2023. It rated VEEV as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of VEEV
On Tuesday, Veeva Systems Inc [NYSE:VEEV] saw its stock fall -1.06% to $219.55. Over the last five days, the stock has gained 4.55%. Veeva Systems Inc shares have risen nearly 14.04% since the year began. Nevertheless, the stocks have risen 9.56% over the past one year. While a 52-week high of $236.90 was reached on 03/14/24, a 52-week low of $162.72 was recorded on 05/31/24. SMA at 50 days reached $209.17, while 200 days put it at $204.74.
Levels Of Support And Resistance For VEEV Stock
The 24-hour chart illustrates a support level at 217.37, which if violated will result in even more drops to 215.19. On the upside, there is a resistance level at 221.44. A further resistance level may holdings at 223.34. The Relative Strength Index (RSI) on the 14-day chart is 63.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.27%. Stochastics %K at 89.71% indicates the stock is a selling.
How much short interest is there in Veeva Systems Inc?
A steep rise in short interest was recorded in Veeva Systems Inc stocks on 2024-09-30, growing by 14317.0 shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.9 million shares. There was a rise of 0.75%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 13, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $265 price target.
