News headlines about Veeva Systems (NYSE:VEEV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Veeva Systems earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.1622879122747 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Veeva Systems Inc., (NYSE: VEEV) – Beta Factor under Consideration – Stock Watch (stocksnewstimes.com)
- Veeva Systems Inc (VEEV) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Veeva Systems (VEEV) Lowered to Neutral at JPMorgan Chase & Co. (americanbankingnews.com)
- Insider Selling: Veeva Systems Inc (VEEV) CFO Sells 40,000 Shares of Stock (americanbankingnews.com)
- Veeva Systems Inc (VEEV) Director Sells $155,772.88 in Stock (americanbankingnews.com)
VEEV has been the topic of a number of analyst reports. Canaccord Genuity restated a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a report on Wednesday, December 6th. DA Davidson assumed coverage on shares of Veeva Systems in a research note on Friday, February 2nd. They set a “buy” rating and a $75.00 price target on the stock. Stifel Nicolaus increased their target price on shares of Veeva Systems from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Vetr cut shares of Veeva Systems from a “buy” rating to a “hold” rating and set a $61.05 target price on the stock. in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. cut shares of Veeva Systems from an “overweight” rating to a “neutral” rating in a research report on Friday, March 9th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.47.
In other Veeva Systems news, Director Timothy C. Barabe sold 1,993 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $78.16, for a total transaction of $155,772.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy S. Cabral sold 50,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $55.74, for a total transaction of $2,787,000.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at $2,787,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,723 shares of company stock worth $16,573,583. 17.50% of the stock is owned by insiders.
Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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