Veeva Systems Inc. stock performance trend indicates that the stock price has rallied 19.69% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 20.62% . Looking at the past 52 week period, the stock price is up at 92.69% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Veeva Systems Inc. has a positive value of 53.87 compared to overall market.Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 78.34.
Veeva Systems Inc. (NYSE:VEEV) has climbed 10.3% in the past week and advanced 13.52% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 10.04% and the outperformance has advanced to 12.23% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Veeva Systems Inc. (NYSE:VEEV) : On Friday heightened volatility was witnessed in Veeva Systems Inc. (NYSE:VEEV) which led to swings in the share price. The stock opened for trading at $49.27 and hit $49.825 on the upside , eventually ending the session at $49.79, with a gain of 1.53% or 0.75 points. The heightened volatility saw the trading volume jump to 1,794,317 shares. The 52-week high of the share price is $49.825 and the company has a market cap of $6,829 million. The 52-week low of the share price is at $23.88 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Mar 1, 2017 to Buy, Raises Price Target to $ 48 from a previous price target of $46 .
Company has reported several Insider transactions to the SEC, on Mar 15, 2017, Alan Mateo (EVP Global Sales) sold 5,350 shares at 46.46 per share price.On Mar 15, 2017, Gordon Ritter (director) sold 6,800 shares at 46.25 per share price.On Mar 15, 2017, Matthew J Wallach (President) sold 24,000 shares at 46.08 per share price.
Veeva Systems Inc Last issued its quarterly earnings results on Feb 28, 2017. The company reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.17. The company had revenue of $150.20 million for the quarter, compared to analysts expectations of $145.83 million. The companys revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.