Veeva Systems Inc’s recent filing unveils 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 $1.88 million.
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 $6.3 million.
Goldman downgraded its Veeva Systems Inc [VEEV] rating to a Sell from a a Buy in a research note published on January 23, 2025; the price target was decreased to $200 from $261. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. Mizuho began covering VEEV with “an Outperform” recommendation on December 04, 2024. Scotiabank started covering the stock on November 19, 2024. It rated VEEV as “a Sector perform”.
Price Performance Review of VEEV
On Tuesday, Veeva Systems Inc [NYSE:VEEV] saw its stock jump 0.04% to $233.38. Over the last five days, the stock has gained 0.49%. Veeva Systems Inc shares have risen nearly 11.00% since the year began. Nevertheless, the stocks have risen 14.41% over the past one year. While a 52-week high of $258.93 was reached on 01/31/25, a 52-week low of $170.25 was recorded on 01/14/25. SMA at 50 days reached $223.93, while 200 days put it at $206.76.
Levels Of Support And Resistance For VEEV Stock
The 24-hour chart illustrates a support level at 228.50, which if violated will result in even more drops to 223.62. On the upside, there is a resistance level at 237.11. A further resistance level may holdings at 240.85. The Relative Strength Index (RSI) on the 14-day chart is 61.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.96%. Stochastics %K at 78.96% 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 October 08, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $286 price target.
