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Tuesday, March 21, 2023

Investors’ Patience Is Being Tested Right Now By Veeva Systems Inc. (NYSE: VEEV)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Veeva Systems Inc. (VEEV) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.03%, to $180.11. The Veeva Systems Inc. has recorded 26,545 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Veeva Announces Fourth Quarter and Fiscal Year 2023 Results.

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Stocks Info

Veeva Systems Inc. is listed on the NYSE as a member of the Healthcare sector and is a part of the Health Information Services industry. At the end of the last regular session, the stock closed at $180.05 and fluctuated between $183.76 as its day high and $173.40 as its day low. The current market capitalization of Veeva Systems Inc. is $27.02B. A total of 2.2 million shares were traded on the day, compared to an average of 1.10M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, VEEV has seen 26 BUY and 92 SELL insider trades, representing the acquisition of 3,401,261 and the disposition of 3,404,821 shares. Over the last 12 months, there were 83 BUYs and 151 SELLs from insiders. Insiders purchased 3,510,306 shares during that period but sold 3,508,858.

In the most recent transaction, Gassner Peter P sold 1,404,458 shares of VEEV for 170.00 per share on Feb 07. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Feb 06, Wallach Matthew J sold 10,000 shares at 174.29 per share. VEEV shares that Director owns now total 2,846.

Among the insiders who sold shares, Cabral Timothy S disposed of 4,500 shares on Jan 12 at a per-share price of $162.29. This resulted in the Director holding 1,214 shares of VEEV after the transaction. In another insider transaction, Gassner Peter P sold 1,347,812 shares at $153.69 per share on Jan 09. Company shares held by the Chief Executive Officer now total 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for VEEV in the last 3 months, the mean price target is $206.33 with high estimates of $234.00 and low estimates of $170.00. In terms of 52-week highs and lows, VEEV has a high of $232.26 and a low of $151.02.

As of this writing, VEEV has an earnings estimate of $1.04 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $1.07 per share and a lower estimate of $0.9. The company reported an EPS of $1.03 in the last quarter, which was 2.00% higher than expectations of $1.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VEEV is Sell with a score of 4.17. A total of 14 analysts rated the stock as Buy while 4 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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