Veeva Systems Inc on Focus After Bearish Options Activity

 Veeva Systems Inc on Focus After Bearish Options Activity

In today’s session Veeva Systems Inc (VEEV) recorded an unusually high (1,475) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious VEEV decrease. With 1,475 contracts traded and 954 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: VEEV161118P00038000 closed last at: $1.3 or 18.2% up. About 260,666 shares traded hands. Veeva Systems Inc (NYSE:VEEV) has risen 52.46% since March 29, 2016 and is uptrending. It has outperformed by 48.98% the S&P500.

Veeva Systems Inc (NYSE:VEEV) Ratings Coverage

Out of 13 analysts covering Veeva Systems (NYSE:VEEV), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. $45 is the highest target while $24 is the lowest. The $36.30 average target is -4.97% below today’s ($38.2) stock price. Veeva Systems has been the topic of 24 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Citigroup maintained Veeva Systems Inc (NYSE:VEEV) on Friday, May 27 with “Neutral” rating. The rating was maintained by Morgan Stanley on Wednesday, March 2 with “Overweight”. JP Morgan maintained it with “Overweight” rating and $38 target price in Friday, May 27 report. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, October 4. The firm has “Buy” rating given on Friday, May 27 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, September 30. Canaccord Genuity maintained the shares of VEEV in a report on Friday, May 27 with “Buy” rating. Deutsche Bank maintained Veeva Systems Inc (NYSE:VEEV) on Friday, May 27 with “Hold” rating. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, August 31. The rating was initiated by Citigroup on Friday, October 30 with “Neutral”.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.79 in Q2 2016. Its up 0.61, from 1.18 in 2016Q1. The ratio improved, as 18 funds sold all Veeva Systems Inc shares owned while 50 reduced positions. 48 funds bought stakes while 74 increased positions. They now own 92.06 million shares or 3.74% more from 88.74 million shares in 2016Q1.
Paloma Prns Mngmt Co holds 46,539 shares or 0.02% of its portfolio. The Illinois-based Ubs Asset Mgmt Americas Inc has invested 0% in Veeva Systems Inc (NYSE:VEEV). California State Teachers Retirement System has 203,119 shares for 0.01% of their US portfolio. Ftb Advsrs Inc, a Tennessee-based fund reported 439 shares. Ameriprise Financial has 709,337 shares for 0.01% of their US portfolio. Enterprise Fincl Service Corp accumulated 91 shares or 0% of the stock. Geneva Advisors Ltd accumulated 23,870 shares or 0.02% of the stock. Hbk Invs Limited Partnership has 55,100 shares for 0.02% of their US portfolio. Moreover, Voya Investment Mngmt Limited Liability has 0% invested in Veeva Systems Inc (NYSE:VEEV) for 41,637 shares. The Massachusetts-based Commonwealth Equity Services has invested 0.01% in Veeva Systems Inc (NYSE:VEEV). Carroll Fincl Associate has 0% invested in the company for 225 shares. Jpmorgan Chase & Co holds 0.04% or 4.84 million shares in its portfolio. Jacobs Levy Equity Mngmt Inc holds 166,141 shares or 0.12% of its portfolio. Tiaa Cref Inv Mgmt Llc last reported 394,846 shares in the company. Ladenburg Thalmann Serv holds 0% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 4,483 shares.

Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 33 insider sales for $32.26 million net activity. 84,000 Veeva Systems Inc (NYSE:VEEV) shares with value of $3.17 million were sold by Wallach Matthew J. 44,800 shares were sold by Ritter Gordon, worth $1.67M on Monday, July 11. Another trade for 376 shares valued at $15,228 was made by Faddis Jonathan on Thursday, September 1. Cabral Timothy S sold $1.43M worth of stock. Shares for $108,368 were sold by Mateo Alan. CODD RONALD E F also sold $80,620 worth of Veeva Systems Inc (NYSE:VEEV) on Wednesday, October 5. Zuppas Eleni Nitsa sold $184,509 worth of stock or 4,868 shares.

Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $5.22 billion. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. It has a 98.66 P/E ratio.

VEEV Company Profile

Veeva Systems Inc. (Veeva), incorporated on January 12, 2007, is a well-known provider of cloud software solutions for the global life sciences industry. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Firm offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data.

More important recent Veeva Systems Inc (NYSE:VEEV) news were published by: Fool.com which released: “Veeva Systems Inc. Spoils Shareholders Once Again With a Great Quarter” on August 31, 2016, also Fool.com published article titled: “Can Veeva Systems Inc. Keep Its Impressive Streak Going?”, Fool.com published: “Veeva Systems Inc Is Just Getting Started” on May 31, 2016. More interesting news about Veeva Systems Inc (NYSE:VEEV) was released by: Seekingalpha.com and their article: “Veeva Systems: Still Some Upside, But Maybe Not Yet” with publication date: October 07, 2016.

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