Shares of Veeva Systems Inc. (VEEV) Sees Large Inflow of Net Money Flow

The shares of Veeva Systems Inc. (VEEV) traded with a loss of -0.18 points or -0.43% in the most recent session. The shares last traded at $42.15. As per the trading info, the shares saw $0.5 million in upticks and lost $0.12 million in downticks, resulting in a net money flow of $0.38 million. The up/down ratio for the day was measured at 4.21. For the week, the shares had posted -1.17%.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Veeva Systems Inc. has dropped 1.64% in the last five trading days, however, the shares have posted positive gains of 4.32% in the last 4 weeks. Veeva Systems Inc. is up 9.29% in the last 3-month period. Year-to-Date the stock performance stands at 4.32%. Veeva Systems Inc. (NYSE:VEEV) rose 0.31% or 0.13 points on Wednesday and made its way into the gainers of the day. After trading began at $42.41 the stock was seen hitting $42.52 as a peak level and $41.84 as the lowest level. The stock ended up at $42.46. The daily volume was measured at 841,299 shares. The 52-week high of the share price is $47.95 and the 52-week low is $19.97. The company has a market cap of $5,824 million.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Matthew J Wallach (President) sold 84,000 shares at 43.48 per share price.On Jan 18, 2017, Alan Mateo (EVP Global Sales) sold 3,748 shares at 44.20 per share price.On Jan 6, 2017, Ronald E F Codd (director) sold 2,000 shares at 41.73 per share price.

Veeva Systems Inc Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.16. The company had revenue of $142.80 million for the quarter, compared to analysts expectations of $135.80 million. The companys revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Canaccord Genuity on Nov 23, 2016 to Buy, Raises Price Target to $ 48 from a previous price target of $46 .Company shares were Reiterated by Stifel on Nov 23, 2016 to Buy, Raises Price Target to $ 48 from a previous price target of $45 .

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.

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