Veeva Systems Inc Class A (NYSE:VEEV) Sellers Strengthened Their Shorts By 18.94% As Of Jun 27, 2018

June 27, 2018 - By Nellie Deboer

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 rose holdings while 79 funds took holdings. Funds hold 99.65 million shares thus 1.56% more from 2017Q4’s 98.12 million shares.
Legal And General Grp Public Limited Liability Company accumulated 142,929 shs. Cibc Asset Mgmt Inc has invested 0% in Veeva Systems Inc. (NYSE:VEEV). Ithaka Grp Inc Ltd Liability Corporation has invested 2.69% in Veeva Systems Inc. (NYSE:VEEV). Ameriprise Finance owns 1.27M shs or 0.04% of their US capital. Neuberger Berman Grp Ltd Company reported 280,536 shs. Fred Alger Management Inc reported 954,312 shs. First Midwest Bankshares Trust Division reported 0.03% of its capital in Veeva Systems Inc. (NYSE:VEEV). Lpl Fincl Lc has invested 0% in Veeva Systems Inc. (NYSE:VEEV). Hbk Investments Ltd Partnership invested in 87,117 shs. Sumitomo Mitsui Trust Hldgs holds 0.03% of its capital in Veeva Systems Inc. (NYSE:VEEV) for 323,966 shs. Gsa Capital Ptnrs Llp stated it has 37,721 shs or 0.15% of all its holdings. Wells Fargo & Mn has 3.00M shs for 0.06% of their capital. Vantage Advsr Limited Liability Com reported 0% of its capital in Veeva Systems Inc. (NYSE:VEEV). Gilder Gagnon Howe & Communications Limited Liability Company stated it has 135,161 shs. Citigroup invested in 0% or 17,721 shs.

Veeva Systems Inc. registered $26.17 million net activity with 0 insider purchases and 30 insider sales since January 5, 2018. Cabral Timothy S also sold $2.04 million worth of Veeva Systems Inc. (NYSE:VEEV) on Wednesday, June 13. MATEO ALAN also sold $23,613 worth of Veeva Systems Inc. (NYSE:VEEV) shs. $206,202 worth of Veeva Systems Inc. (NYSE:VEEV) shs were sold by Lequient Frederic. On Thursday, May 31 BARABE TIMOTHY C sold $54,356 worth of Veeva Systems Inc. (NYSE:VEEV) or 701 shs. 24,000 Veeva Systems Inc. (NYSE:VEEV) shs with value of $1.38 million were sold by Wallach Matthew J. On Friday, June 1 Zuppas Eleni Nitsa sold $99,216 worth of Veeva Systems Inc. (NYSE:VEEV).

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 3.62M shares. With Average volume 881,200, VEEV’s previous position will take 5 days to recover. Float short on Veeva Systems Inc Class A is 3.79%.

VEEV is reaching $77.94 during the last trading session, after decreased 0.68%.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 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.The P/E ratio is 84.72. 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, March 23 the rating was maintained by JMP Securities with “Market Outperform”. On Friday, March 2 the rating was maintained by KeyBanc Capital Markets with “Overweight”. On Friday, May 25 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Hold” rating by Deutsche Bank. On Thursday, March 1 Morgan Stanley maintained the shares of VEEV in report with “Overweight” rating. On Friday, May 25 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Canaccord Genuity. On Tuesday, January 30 the rating was upgraded by Morgan Stanley to “Overweight”. On Friday, March 9 the firm earned “Neutral” rating by JP Morgan. On Wednesday, February 28 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Canaccord Genuity. On Friday, April 13 the stock has “Buy” rating by Canaccord Genuity. On Friday, May 25 Morgan Stanley maintained Veeva Systems Inc. (NYSE:VEEV) with “Overweight” rating.

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 “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” on June 25, 2018. And last was brought out on June 27, 2018, called “8 Biggest Price Target Changes For Wednesday”.

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

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