Veeva SystemsVEEV
Market Cap: $35B
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: 366 | Existing positions reduced: 297
0% more funds holding
Funds holding: 889 [Q1] → 889 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 95
1.14% less ownership
Funds ownership: 79.77% [Q1] → 78.62% (-1.14%) [Q2]
11% less call options, than puts
Call options by funds: $172M | Put options by funds: $194M
22% less capital invested
Capital invested by funds: $29.7B [Q1] → $23.2B (-$6.49B) [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
Truist Securities Jailendra Singh 52% 1-year accuracy 17 / 33 met price target | 4%downside $207 | Hold Maintained | 3 Sept 2024 |
TD Cowen Charles Rhyee 29% 1-year accuracy 2 / 7 met price target | 11%downside $192 | Hold Maintained | 29 Aug 2024 |
Citigroup Tyler Radke 44% 1-year accuracy 21 / 48 met price target | 30%upside $281 | Buy Maintained | 29 Aug 2024 |
RBC Capital Rishi Jaluria 40% 1-year accuracy 29 / 72 met price target | 16%upside $250 | Outperform Reiterated | 29 Aug 2024 |
Raymond James Brian Peterson 68% 1-year accuracy 19 / 28 met price target | 9%upside $235 | Outperform Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 27 articles about VEEV published over the past 30 days