Veeva Systems Inc Class A (NYSE:VEEV) Shorts Strengthened By 18.94%

June 27, 2018 - By Theresa McIntyre

Veeva Systems Inc. (NYSE:VEEV) Corporate Logo

During 2018 Q1 the big money sentiment increased to 1.4. That’s change of 0.34, from 2017Q4’s 1.06. 25 investors sold all, 104 reduced holdings as Veeva Systems Inc. ratio improved. 102 increased positions while 79 funds acquired positions. Funds hold 99.65 million shares thus 1.56% more from 2017Q4’s 98.12 million shares.
Bell Bancorp holds 4,735 shs. Reliance Com Of Delaware reported 3,381 shs. Gulf Financial Bank (Uk) owns 33,000 shs for 0.03% of their capital. Neuberger Berman Group Ltd Co invested in 0.02% or 280,536 shs. Goldman Sachs invested in 660,472 shs or 0.01% of the stock. Port Solutions Limited Liability Corporation holds 250 shs. Ww Asset Mgmt holds 4,123 shs or 0.01% of its capital. Keybank National Association Oh invested 0.01% in Veeva Systems Inc. (NYSE:VEEV). Clinton invested in 0.06% or 8,201 shs. Optimum Advsr owns 0% invested in Veeva Systems Inc. (NYSE:VEEV) for 100 shs. Tiverton Asset Mngmt Ltd Llc holds 0.04% of its capital in Veeva Systems Inc. (NYSE:VEEV) for 8,013 shs. Stifel Fin invested in 108,930 shs or 0.03% of the stock. Loomis Sayles & Communication Limited Partnership reported 0.02% in Veeva Systems Inc. (NYSE:VEEV). Public Employees Retirement Systems Of Ohio accumulated 90,424 shs. Brinker Cap Inc reported 20,101 shs stake.

Veeva Systems Inc. had 30 insider sales and 0 insider purchases since January 5, 2018. This’s net activity of $26.17 million. Zuppas Eleni Nitsa had sold 1,248 shs worth $99,216 on Friday, June 1. $1.38M worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Wallach Matthew J on Wednesday, February 14. SEKHRI PAUL J sold 4,622 shs worth $300,430. CODD RONALD E F sold $232,290 worth of stock. 603 shs valued at $43,772 were sold by MATEO ALAN on Friday, April 13. Shares for $232,704 were sold by Lequient Frederic on Friday, June 1.

Veeva Systems Inc Class A (NYSE:VEEV) reported an increase of 18.94% in shares shorted. FINRA published in June VEEV’s total 4.30 million shares shorted. That’s 18.94% up from 3.62 million shares. With Average volume 881,200, VEEV’s former position will take 5 days to recover. Float short on Veeva Systems Inc Class A is 3.79%.

The stock decreased 0.68% or $0.53 during the last trading session, reaching $77.94.Currently Veeva Systems Inc. is uptrending after 24.78% change in last June 27, 2017. VEEV has also 269,796 shares volume. The stock outperformed the S&P500 by 12.21%.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally.The company has $11.18 billion market cap. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality.84.72 is the P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Total analysts of 10 have positions in Veeva Systems (NYSE:VEEV) as follows: 7 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 70%. Since January 30, 2018 according to StockzIntelligence Inc Veeva Systems has 14 analyst reports. On Friday, May 25 Deutsche Bank maintained Veeva Systems Inc. (NYSE:VEEV) with “Hold” rating. In Friday, April 13 report Canaccord Genuity maintained it with “Buy” rating and $7500 target. On Friday, March 9 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Neutral” rating by JP Morgan. The stock rating was maintained by Canaccord Genuity with “Buy” on Wednesday, February 28. On Wednesday, February 28 the stock has “Buy” rating by Stifel Nicolaus. On Friday, March 9 the firm has “Hold” rating by J.P. Morgan given. On Tuesday, January 30 the firm has “Overweight” rating by Morgan Stanley given. The company rating was maintained by Morgan Stanley on Thursday, March 1. In Friday, May 25 report Canaccord Genuity maintained the stock with “Buy” rating. In Friday, March 2 report KeyBanc Capital Markets maintained it with “Overweight” rating and $81 target.

More recent Veeva Systems Inc. (NYSE:VEEV) news were released by Fool.com, Benzinga.com and Benzinga.com. The first one has “4 Reasons to Buy Veeva Systems Stock” as a title and was released on May 30, 2018. The next is “8 Biggest Price Target Changes For Wednesday” on June 27, 2018. And last was released on June 25, 2018, called “Benzinga’s Top Upgrades, Downgrades For June 25, 2018”.

Veeva Systems Inc. (NYSE:VEEV) Institutional Investors Chart

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