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Goldman downgrades Veeva Systems Inc (VEEV) stock to a Sell

Veeva Systems Inc’s recently made public that its SVP, Gen. Counsel, Secretary Faddis Jonathan unloaded Company’s shares for reported $0.2 million on May 02 ’25. In the deal valued at $236.71 per share,833 shares were sold. As a result of this transaction, Faddis Jonathan now holds 7,835 shares worth roughly $1.82 million.

Then, Faddis Jonathan bought 833 shares, generating $197,179 in total proceeds.

Before that, Schwenger Thomas D. sold 1,200 shares. Veeva Systems Inc shares valued at $265,168 were divested by the Pres. & Chief Customer Officer at a price of $220.97 per share. As a result of the transaction, Schwenger Thomas D. now holds 25,889 shares, worth roughly $6.03 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 fall -1.76% to $232.81. Over the last five days, the stock has gained 0.51%. Veeva Systems Inc shares have risen nearly 10.73% since the year began. Nevertheless, the stocks have risen 15.58% over the past one year. While a 52-week high of $258.93 was reached on 03/10/25, a 52-week low of $170.25 was recorded on 04/07/25. SMA at 50 days reached $227.52, while 200 days put it at $218.12.

Levels Of Support And Resistance For VEEV Stock

The 24-hour chart illustrates a support level at 230.66, which if violated will result in even more drops to 228.51. On the upside, there is a resistance level at 236.09. A further resistance level may holdings at 239.37. The Relative Strength Index (RSI) on the 14-day chart is 55.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.10%. Stochastics %K at 90.20% indicates the stock is a selling.

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.

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