Veeva Systems
VEEV

$192.43

3.15%

Market Cap: 31.1B

About: Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.

Employees: 7,172

Information Technology Prepackaged Software

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 36 analysts

0

News positive %

of 11 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

42% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 17 (+5) [Q1 2024]

29% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 98

20% more repeat investments, than reductions

Existing positions increased: 334 | Existing positions reduced: 279

19% more capital invested

Capital invested by funds: $24.5B [Q4 2023] → $29.1B (+$4.55B) [Q1 2024]

3% more funds holding

Funds holding: 844 [Q4 2023] → 872 (+28) [Q1 2024]

1% less call options, than puts

Call options by funds: $413M | Put options by funds: $419M

1.11% less ownership

Funds ownership: 79.12% [Q4 2023] → 78.0% (-1.11%) [Q1 2024]

See Fund Rankings

Research analyst outlook

36 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$173

10%

downside

Avg. target

$235

22%

upside

High target

$270

40%

upside

36 analyst ratings

26 positive

72%

8 neutral

22%

2 negative

6%

Guggenheim Jack Wallace	21%upside $233	Buy Maintained	18 Jul 2024
Needham Ryan MacDonald	35%upside $260	Buy Reiterated	15 Jul 2024
Piper Sandler Brent Bracelin	17%upside $225	Overweight Maintained	12 Jul 2024
BTIG David Larsen	25%upside $240	Buy Initiated	9 Jul 2024
RBC Capital Rishi Jaluria	30%upside $250	Outperform Reiterated	21 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about VEEV published over the past 30 days

Targeted Pre-Launch Scientific Outreach Drives 40% Faster Treatment Adoption

New Veeva Pulse findings show congresses and early-career experts have the strongest influence on patient outcomes PLEASANTON, Calif. , July 25, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today revealed that targeted pre-launch scientific outreach maximizes medical affairs teams' impact on treatment adoption in the latest Veeva Pulse Field Trends Report.

Targeted Pre-Launch Scientific Outreach Drives 40% Faster Treatment Adoption

Zacks Investment Research

Veeva Systems' (VEEV) Vault EDC to Boost Vita Global's Workflow

Veeva Systems' (VEEV) Vault EDC is likely to aid the CRO in delivering a better experience to patients, research sites and sponsors.

Veeva Systems' (VEEV) Vault EDC to Boost Vita Global's Workflow

Zacks Investment Research

Is Veeva (VEEV) a Buy as Wall Street Analysts Look Optimistic?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is Veeva (VEEV) a Buy as Wall Street Analysts Look Optimistic?

Zacks Investment Research

Veeva Systems (VEEV) Registers a Bigger Fall Than the Market: Important Facts to Note

In the latest trading session, Veeva Systems (VEEV) closed at $180.43, marking a -0.82% move from the previous day.

Veeva Systems (VEEV) Registers a Bigger Fall Than the Market: Important Facts to Note

Zacks Investment Research

Here's Why Veeva Systems (VEEV) is a Strong Momentum Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Veeva Systems (VEEV) is a Strong Momentum Stock

Zacks Investment Research

Here's Why Veeva Systems (VEEV) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Veeva Systems (VEEV) is a Strong Growth Stock

Zacks Investment Research

Reasons to Retain Veeva Systems (VEEV) in Your Portfolio Now

Veeva Systems' (VEEV) strong product portfolio raises optimism about the stock. However, data security threats and escalating costs are a concern.

Reasons to Retain Veeva Systems (VEEV) in Your Portfolio Now

The Motley Fool

2 Top Growth Stocks That Could Turn $1,000 Into $4,000 in 10 Years

These two stellar companies have performed even better than that in the past 10 years. Both are leaders in their respective niches, with strong moats and solid growth prospects.

2 Top Growth Stocks That Could Turn $1,000 Into $4,000 in 10 Years

Veeva: Growth In Dev Cloud Clears Cloudy Skies (Rating Upgrade)

Veeva reported Q1 FY25 earnings report, where revenue grew 24% YoY, exceeding expectations, driven by momentum in the Development Cloud segment with increasing adoption of multiple applications. Along with robust product innovation across its Development and Commercial Cloud Segment, the company also streamlined its operating expenses, thus expanding profit margins to 40.1%. Although the downward revision to revenue guidance in FY25 dampened investor sentiment, the management attributed it to macroeconomic headwinds.

Veeva: Growth In Dev Cloud Clears Cloudy Skies (Rating Upgrade)

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