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Wednesday, December 6, 2023

Momentum Is Strong For Veeva Systems Inc (NYSE: VEEV)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Veeva Systems Inc (VEEV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.565, or -0.81%, to $192.565. The Veeva Systems Inc has recorded 62,525 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Veeva to Host Virtual Investor Day on Nov. 9, 2023.

Stocks Info

This NYSE-listed company operates within the Health Information Services industry segment, falling under the Healthcare sector. The current market capitalization of Veeva Systems Inc is $31.19B. A total of 0.75 million shares were traded on the day, compared to an average of 909.30K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, VEEV has seen 16 BUY and 11 SELL insider trades, representing the acquisition of 43,694 and the disposition of 12,718 shares. Over the last 12 months, there were 86 BUYs and 136 SELLs from insiders. Insiders purchased 3,492,875 shares during that period but sold 3,480,434.

In the most recent transaction, MATEO ALAN sold 6,280 shares of VEEV for 193.72 per share on Nov 06. After the transaction, the EVP Global Sales now owns 19,769 company shares. In a previous transaction on Nov 06, Wallach Matthew J sold 5,000 shares at 195.53 per share. VEEV shares that Director owns now total 118,735.

Among the insiders who sold shares, MATEO ALAN disposed of 949 shares on Oct 25 at a per-share price of $200.00. This resulted in the EVP Global Sales holding 19,769 shares of VEEV after the transaction. In another insider transaction, Cabral Timothy S sold 15,000 shares at $197.21 per share on Oct 05. Company shares held by the Director now total 47,891.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for VEEV in the last 3 months, the mean price target is $226.65 with high estimates of $265.00 and low estimates of $181.00. In terms of 52-week highs and lows, VEEV has a high of $225.49 and a low of $157.00.

As of this writing, VEEV has an earnings estimate of $1.26 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $1.28 per share and a lower estimate of $1.23. The company reported an EPS of $0.91 in the last quarter, which was 15.20% higher than expectations of $0.79.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VEEV’s latest balance sheet shows that the firm has $2.38B in Cash & Short Term Investments as of fiscal 2022. There were $54.59M in debt and $840.78M in liabilities at the time. Its Book Value Per Share was $25.85, while its Total Shareholder’s Equity was $2.91B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.17.

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