Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veeva Systems Inc shares valued at $390,128 were sold by Faddis Jonathan on Dec 04 ’24. At $230.30 per share, Faddis Jonathan sold 1,694 shares. The insider’s holdings dropped to 8,061 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Faddis Jonathan purchased 1,694 shares, netting a total of over 390,128 in proceeds.
Before that, Schwenger Thomas D. had sold 1,126 shares from its account. In a trade valued at $270,252, the Pres. & Chief Customer Officer traded Veeva Systems Inc shares for $240.01 each. Upon closing the transaction, the insider’s holdings decreased to 1,126 shares, worth approximately $5.8 million.
As published in their initiating research note from Stephens on December 20, 2024, Veeva Systems Inc [VEEV] has been an Overweight and the price target has been revised to $280. Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of November 19, 2024, Scotiabank has initiated its “Sector perform” rating for VEEV. Earlier on October 08, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for VEEV stock.
Analyzing VEEV Stock Performance
During the last five days, there has been a drop of approximately -3.02%. Over the course of the year, Veeva Systems Inc shares have jumped approximately 11.60%. Shares of the company reached a 52-week high of $258.93 on 12/06/24 and a 52-week low of $170.25 on 05/31/24. A 50-day SMA is recorded $223.20, while a 200-day SMA reached $206.84. Nevertheless, trading volume fell to 1.1 million shares from 0.58 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 212.78, which, if violated, would cause prices to drop to 210.69. In the upper region, resistance lies at 216.63. The next price resistance is at 218.39. RSI (Relative Strength Index) is 40.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.32, which suggests the price will decrease in the coming days. Percent R is at 94.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
