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Veeva Systems Inc (NYSE: VEEV) closed the day trading at $181.93 down -2.79% from the previous closing price of $187.16. In other words, the price has decreased by -$2.79 from its previous closing price. On the day, 1.1 million shares were traded. VEEV stock price reached its highest trading level at $185.74 during the session, while it also had its lowest trading level at $180.95.
Ratios:
For a better understanding of VEEV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.86. For the most recent quarter (mrq), Quick Ratio is recorded 4.29 and its Current Ratio is at 4.29. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on July 09, 2024, initiated with a Buy rating and assigned the stock a target price of $240.
On October 25, 2023, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $211 to $229.
On October 13, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $265.Jefferies initiated its Buy rating on October 13, 2023, with a $265 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 07 ’24 when Cabral Timothy S sold 15,000 shares for $184.33 per share. The transaction valued at 2,764,931 led to the insider holds 8,391 shares of the business.
MATEO ALAN sold 3,391 shares of VEEV for $681,116 on Apr 23 ’24. The EVP Global Sales now owns 21,983 shares after completing the transaction at $200.86 per share. On Apr 15 ’24, another insider, Faddis Jonathan, who serves as the SVP, Gen. Counsel, Secretary of the company, sold 3,598 shares for $207.42 each. As a result, the insider received 746,297 and left with 10,668 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VEEV now has a Market Capitalization of 30254776320 and an Enterprise Value of 24700002304. As of this moment, Veeva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.65, and their Forward P/E ratio for the next fiscal year is 26.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.82 while its Price-to-Book (P/B) ratio in mrq is 6.01. Its current Enterprise Value per Revenue stands at 9.929 whereas that against EBITDA is 43.985.
Stock Price History:
Over the past 52 weeks, VEEV has reached a high of $236.90, while it has fallen to a 52-week low of $162.72. The 50-Day Moving Average of the stock is -4.99%, while the 200-Day Moving Average is calculated to be -8.96%.
Shares Statistics:
Over the past 3-months, VEEV traded about 988.76K shares per day on average, while over the past 10 days, VEEV traded about 809580 shares per day. A total of 161.26M shares are outstanding, with a floating share count of 147.21M. Insiders hold about 8.93% of the company’s shares, while institutions hold 80.92% stake in the company. Shares short for VEEV as of 1719532800 were 2166143 with a Short Ratio of 2.19, compared to 1717113600 on 2184179. Therefore, it implies a Short% of Shares Outstanding of 2166143 and a Short% of Float of 1.47.
