Veeva Systems Inc’s filing revealed that its SVP, Gen. Counsel, Secretary Faddis Jonathan unloaded Company’s shares for reported $0.39 million on Dec 04 ’24. In the deal valued at $230.30 per share,1,694 shares were sold. As a result of this transaction, Faddis Jonathan now holds 8,061 shares worth roughly $1.84 million.
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Then, Faddis Jonathan bought 1,694 shares, generating $390,128 in total proceeds.
Before that, Schwenger Thomas D. sold 1,126 shares. Veeva Systems Inc shares valued at $270,252 were divested by the Pres. & Chief Customer Officer at a price of $240.01 per share. As a result of the transaction, Schwenger Thomas D. now holds 27,013 shares, worth roughly $6.18 million.
Mizuho initiated its Veeva Systems Inc [VEEV] rating to an Outperform in a research note published on December 04, 2024; the price target was $275. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid November with a ‘”a Sector perform”‘ rating. Exane BNP Paribas began covering VEEV with “an Outperform” recommendation on October 08, 2024. Citigroup maintained its rating on August 27, 2024. It rated VEEV as “a Buy”.
Price Performance Review of VEEV
On Friday, Veeva Systems Inc [NYSE:VEEV] saw its stock fall -1.59% to $228.78. Over the last five days, the stock has lost -8.65%. Veeva Systems Inc shares have risen nearly 18.83% since the year began. Nevertheless, the stocks have risen 28.98% over the past one year. While a 52-week high of $258.93 was reached on 12/06/24, a 52-week low of $170.25 was recorded on 05/31/24. SMA at 50 days reached $220.92, while 200 days put it at $207.02.
Levels Of Support And Resistance For VEEV Stock
The 24-hour chart illustrates a support level at 226.60, which if violated will result in even more drops to 224.43. On the upside, there is a resistance level at 231.82. A further resistance level may holdings at 234.86. The Relative Strength Index (RSI) on the 14-day chart is 50.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.86%. Stochastics %K at 39.29% indicates the stock is a holding.
How much short interest is there in Veeva Systems Inc?
A steep rise in short interest was recorded in Veeva Systems Inc stocks on 2024-11-15, growing by 0.14 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.21 million shares. There was a rise of 6.01%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 09, 2024 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $240 price target.
