Veeva SystemsVEEV
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 368 | Existing positions reduced: 298
8% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 92
1% more funds holding
Funds holding: 889 [Q1] → 896 (+7) [Q2]
1.11% less ownership
Funds ownership: 79.77% [Q1] → 78.66% (-1.11%) [Q2]
13% less call options, than puts
Call options by funds: $173M | Put options by funds: $200M
22% less capital invested
Capital invested by funds: $29.7B [Q1] → $23.3B (-$6.48B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 18 [Q1] → 12 (-6) [Q2]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Exane BNP Paribas Andrew DeGasperi 100% 1-year accuracy 1 / 1 met price target | 36%upside $286 | Outperform Initiated | 8 Oct 2024 |
Guggenheim Jack Wallace 56% 1-year accuracy 5 / 9 met price target | 19%upside $249 | Buy Maintained | 1 Oct 2024 |
JP Morgan Anne Samuel 47% 1-year accuracy 7 / 15 met price target | 1%downside $208 | Neutral Maintained | 9 Sept 2024 |
Truist Securities Jailendra Singh 42% 1-year accuracy 14 / 33 met price target | 1%downside $207 | Hold Maintained | 3 Sept 2024 |
TD Cowen Charles Rhyee 14% 1-year accuracy 1 / 7 met price target | 9%downside $192 | Hold Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 14 articles about VEEV published over the past 30 days