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

June 27, 2018 - By Rebecca Betts

Veeva Systems Inc. (NYSE:VEEV) Corporate Logo

During Q1 2018 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 is positive. 102 grew holdings while 79 funds took holdings. Funds hold 99.65 million shares thus 1.56% more from 2017Q4’s 98.12 million shares.
Prudential Public Limited Company accumulated 0% or 6,900 shs. Principal Financial Grp Inc owns 14,362 shs or 0% of their US capital. Macquarie Group Ltd holds 3,400 shs. Teachers Retirement Of The State Of Kentucky stated it has 38,935 shs or 0.03% of all its holdings. Da Davidson And reported 2,836 shs. Gideon Cap Advsr has 5,395 shs for 0.24% of their capital. Bogle Investment Mngmt Ltd Partnership De stated it has 1.06% of its capital in Veeva Systems Inc. (NYSE:VEEV). Reynders Mcveigh Cap Management Ltd Liability Corporation holds 619 shs or 0% of its capital. Jabre Partners Sa has invested 0.13% of its capital in Veeva Systems Inc. (NYSE:VEEV). State Of Alaska Department Of Revenue reported 0.02% in Veeva Systems Inc. (NYSE:VEEV). Oppenheimer Asset Management Inc reported 0.2% of its capital in Veeva Systems Inc. (NYSE:VEEV). Voloridge Invest Mngmt invested in 141,723 shs or 0.24% of the stock. 1832 Asset Management Ltd Partnership reported 42,100 shs. Omers Administration, Ontario – Canada-based fund reported 34,800 shs. Pnc Fincl Gp holds 21,911 shs.

Veeva Systems Inc. had 30 insider sales and 0 buys since January 5, 2018. This’s net activity of $26.17 million. $48,654 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Faddis Jonathan on Friday, June 1. On Tuesday, January 30 the insider Lequient Frederic sold $930,000. On Tuesday, January 9 $1.39 million worth of stock was sold by Wallach Matthew J. $99,216 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Zuppas Eleni Nitsa on Friday, June 1. Another trade for 701 shs valued at $54,356 was made by BARABE TIMOTHY C on Thursday, May 31. Shares for $41,254 were sold by MATEO ALAN.

Veeva Systems Inc Class A (NYSE:VEEV) registered an increase of 18.94% in shares shorted. FINRA announced 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 previous position will take 5 days to restore. Float short on Veeva Systems Inc Class A is 3.79%.

Ticker’s shares touched $77.94 during the last trading session after 0.68% change.Veeva Systems Inc. has volume of 269,796 shares. Since June 27, 2017 VEEV has risen 24.78% and is uptrending. 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 firm is worth $11.18 billion. 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

A total of 10 analysts rate Veeva Systems (NYSE:VEEV) as follows: 7 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 70% are bullish. (NYSE:VEEV) has 14 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Friday, May 25 the company was maintained by Deutsche Bank. The company rating was maintained by Morgan Stanley on Friday, May 25. On Friday, March 9 the firm has “Hold” rating by J.P. Morgan given. The stock rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, February 28. On Friday, March 23 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Market Outperform” rating by JMP Securities. On Friday, May 25 the firm has “Buy” rating by Canaccord Genuity given. On Friday, March 2 the stock of Veeva Systems Inc. (NYSE:VEEV) has “Overweight” rating given by KeyBanc Capital Markets. On Thursday, March 1 the rating was maintained by Morgan Stanley with “Overweight”. On Wednesday, February 28 the company was maintained by Canaccord Genuity. On Tuesday, January 30 the stock of Veeva Systems Inc. (NYSE:VEEV) has “Overweight” rating given by Morgan Stanley.

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