The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $1.91 million following the completion of this transaction.
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 $6.4 million.
As published in a research note from Goldman on January 23, 2025, Veeva Systems Inc [VEEV] has been rated down from a Buy to a Sell and the price target has been revised to $200 from $261. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. As of December 04, 2024, Mizuho has initiated its “an Outperform” rating for VEEV. Earlier on November 19, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector perform” for VEEV stock.
Analyzing VEEV Stock Performance
During the last five days, there has been a surge of approximately 6.32%. Over the course of the year, Veeva Systems Inc shares have jumped approximately 12.76%. Shares of the company reached a 52-week high of $238.04 on 01/30/25 and a 52-week low of $208.74 on 01/14/25. A 50-day SMA is recorded $222.67, while a 200-day SMA reached $206.26. Nevertheless, trading volume fell to 1.46 million shares from 0.81 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 232.68, which, if violated, would cause prices to drop to 228.29. In the upper region, resistance lies at 239.75. The next price resistance is at 242.43. RSI (Relative Strength Index) is 66.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.70, which suggests the price will increase in the coming days. Percent R is at 3.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
