Stock of the Day

Veeva Systems (VEEV)

$288.57

-$1.38 (-0.5%)

Market Cap: $46.98B

About Veeva Systems

Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.

The company also provides Veeva Development Cloud, a suite of applications for the clinical, regulatory, quality, and safety functions, including Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Safety, and Veeva Vault Quality; Veeva QualityOne, a quality and document management, and training solution; Veeva RegulatoryOne, a solution that helps companies to manage regulatory submission content; and Veeva Claims addresses the end-to-end product and marketing claims management process. In addition, it offers professional and support services, including implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; data migration and systems integrations technical consulting services; training on its solutions; and ongoing managed services, such as outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.

Veeva Systems Bull Case

Here are some ways that investors could benefit from investing in Veeva Systems Inc.:

• The current stock price is around $284, reflecting a recent increase of 2.2%, which may indicate positive market sentiment towards the company.
• Veeva Systems Inc. reported strong quarterly earnings, with earnings per share (EPS) of $1.97, surpassing analysts' expectations, which suggests robust financial health.
• The company has a significant market capitalization of approximately $46.35 billion, indicating its strong position in the market and potential for growth.
• Insider ownership stands at 10.30%, which can be a positive signal as it suggests that those with the most knowledge about the company have confidence in its future.
• Recent investments from institutional investors, such as Vise Technologies acquiring a stake valued at $204,000, highlight growing interest and confidence in Veeva Systems Inc.

Veeva Systems Bear Case

Investors should be bearish about investing in Veeva Systems Inc. for these reasons:

• Insider sales have occurred recently, with one insider selling 1,200 shares, which could raise concerns about the company's future performance.
• The stock has experienced fluctuations, with a 52-week low of $172.31, indicating potential volatility that may deter risk-averse investors.
• Despite strong earnings, the company has a high price-to-earnings (P/E) ratio of 70.34, which may suggest that the stock is overvalued compared to its earnings.
• Insiders have sold a total of 5,869 shares valued at over $1.2 million in the last 90 days, which could signal a lack of confidence in the stock's short-term performance.
• 88.20% of the stock is owned by hedge funds and institutional investors, which may lead to less control for individual investors and potential volatility based on institutional trading decisions.

Recent News

• Do Options Traders Know Something About Veeva Systems Stock We Don't? (msn.com)
• Veeva Systems: AI And Vault CRM Are Key Long-Term Tailwinds (seekingalpha.com)
• Veeva Systems Inc. (VEEV) Presents at Annual William Blair Growth Stock Conference Transcript (seekingalpha.com)
• Astellas Chooses Veeva Vault CRM as Global Standard (prnewswire.com)
• Veeva and Sarah Cannon Research Institute Form Strategic Collaboration to Advance Oncology Clinical Trials (prnewswire.com)
• Accumulus Synergy and Veeva Systems Partner to Advance Regulatory Transformation and Connectivity (globenewswire.com)
• Veeva Systems Inc. (VEEV) Baird Global Consumer, Technology & Services Conference (Transcript) (seekingalpha.com)
• Veeva Q1: Just Let Your Winner Run (seekingalpha.com)
• Why Veeva Systems Inc. (VEEV) Surged On Thursday (msn.com)
• Wells Fargo Raises Veeva (VEEV) Price Target, Maintains Outperform Rating (msn.com)