Somewhat Favorable News Coverage Somewhat Unlikely to Affect Veeva Systems (VEEV) Stock Price

Media coverage about Veeva Systems (NYSE:VEEV) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veeva Systems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.1622879122747 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s rankings:

Several brokerages have recently commented on VEEV. Morgan Stanley upgraded Veeva Systems from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 30th. Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Wednesday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Wednesday, February 21st. Vetr raised Veeva Systems from a “buy” rating to a “strong-buy” rating and set a $61.05 target price on the stock in a research note on Thursday, February 8th. Finally, Zacks Investment Research lowered Veeva Systems from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $71.47.

Veeva Systems stock traded down $0.18 during mid-day trading on Thursday, hitting $76.12. 206,549 shares of the stock traded hands, compared to its average volume of 1,224,033. The stock has a market cap of $10,922.99, a price-to-earnings ratio of 82.04, a P/E/G ratio of 4.65 and a beta of 1.46. Veeva Systems has a twelve month low of $48.56 and a twelve month high of $78.28.

In related news, SVP Frederic Lequient sold 15,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $62.00, for a total value of $930,000.00. Following the completion of the sale, the senior vice president now owns 15,000 shares in the company, valued at approximately $930,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald E. F. Codd sold 2,000 shares of Veeva Systems stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $57.07, for a total transaction of $114,140.00. Following the completion of the sale, the director now owns 9,978 shares of the company’s stock, valued at approximately $569,444.46. The disclosure for this sale can be found here. Insiders sold a total of 209,723 shares of company stock worth $14,864,133 over the last ninety days. 17.50% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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