Veeva Systems Inc Class A (NYSE:VEEV) Stock Is Shorted More

June 13, 2018 - By Adrian Erickson

Veeva Systems Inc. (NYSE:VEEV) Logo

Investors sentiment increased to 1.4 in 2018 Q1. Its up 0.34, from 1.06 in 2017Q4. It improved, as 25 investors sold Veeva Systems Inc. shares while 104 reduced holdings. 79 funds opened positions while 102 raised stakes. 99.65 million shares or 1.56% more from 98.12 million shares in 2017Q4 were reported.
Prudential Fincl holds 0% or 34,300 shares. Azimuth Mgmt Ltd Liability owns 2,800 shares. The California-based Aperio Grp Inc Limited Com has invested 0.01% in Veeva Systems Inc. (NYSE:VEEV). First Midwest Savings Bank Division invested in 0.03% or 3,100 shares. Telemus Ltd Liability Company, Michigan-based fund reported 20,127 shares. Virtu Financial Ltd owns 5,157 shares. Ranger Investment Mgmt Limited Partnership stated it has 0% in Veeva Systems Inc. (NYSE:VEEV). Bb&T Secs Ltd Liability Corporation stated it has 3,023 shares. Nomura has 289,912 shares for 0.02% of their portfolio. Utah Retirement, a Utah-based fund reported 20,500 shares. Citadel Advsr Limited Company owns 404,993 shares. Sterling Management Llc accumulated 0.06% or 88,859 shares. Atlantic Tru Gru has 0% invested in Veeva Systems Inc. (NYSE:VEEV). Aqr Management Ltd Liability Company holds 0.01% or 162,238 shares in its portfolio. Raymond James Assoc, a Florida-based fund reported 16,522 shares.

Since December 15, 2017, it had 0 buys, and 29 sales for $24.92 million activity. CODD RONALD E F had sold 3,000 shares worth $167,280 on Friday, December 15. Shares for $300,430 were sold by SEKHRI PAUL J on Wednesday, February 28. On Wednesday, April 18 Wallach Matthew J sold $898,280 worth of Veeva Systems Inc. (NYSE:VEEV) or 12,000 shares. Lequient Frederic also sold $930,000 worth of Veeva Systems Inc. (NYSE:VEEV) on Tuesday, January 30. 50,000 shares were sold by Cabral Timothy S, worth $3.84M on Wednesday, March 7. 1,993 shares valued at $155,773 were sold by BARABE TIMOTHY C on Thursday, March 8.

The stock of Veeva Systems Inc Class A (NYSE:VEEV) registered an increase of 18.94% in short interest. VEEV’s total short interest was 4.30M shares in June as published by FINRA. Its up 18.94% from 3.62M shares, reported previously. With 881,200 shares average volume, it will take short sellers 5 days to cover their VEEV’s short positions. The short interest to Veeva Systems Inc Class A’s float is 3.79%.

The stock increased 0.80% or $0.65 during the last trading session, reaching $81.67. About 982,743 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 24.78% since June 13, 2017 and is uptrending. It has outperformed by 12.21% the S&P500.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $11.72 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. It has a 88.77 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

Among 9 analysts covering Veeva Systems (NYSE:VEEV), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Veeva Systems had 13 analyst reports since January 30, 2018 according to SRatingsIntel. Canaccord Genuity maintained Veeva Systems Inc. (NYSE:VEEV) on Friday, May 25 with “Buy” rating. Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) on Wednesday, February 28 with “Buy” rating. Morgan Stanley maintained it with “Overweight” rating and $76 target in Thursday, March 1 report. Canaccord Genuity maintained Veeva Systems Inc. (NYSE:VEEV) rating on Wednesday, February 28. Canaccord Genuity has “Buy” rating and $75 target. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, January 30 report. The company was downgraded on Friday, March 9 by J.P. Morgan. JMP Securities maintained the shares of VEEV in report on Friday, March 23 with “Market Outperform” rating. The company was maintained on Friday, March 2 by KeyBanc Capital Markets. The rating was maintained by Deutsche Bank on Friday, May 25 with “Hold”. The firm has “Overweight” rating given on Friday, May 25 by Morgan Stanley.

More recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Fool.com which released: “4 Reasons to Buy Veeva Systems Stock” on May 30, 2018. Also Seekingalpha.com published the news titled: “Veeva Systems reports Q1 beats, upside guidance” on May 24, 2018. Fool.com‘s news article titled: “Better Buy: Veeva Systems Inc. vs. Cerner” with publication date: May 26, 2018 was also an interesting one.

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

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