What’s in Veeva Systems Inc After Today’s Bullish Options Activity?

 What's in Veeva Systems Inc After Today's Bullish Options Activity?

In today’s session Veeva Systems Inc (VEEV) registered an unusually high (419) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious VEEV increase. With 419 contracts traded and 22264 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: VEEV161216C00042000 closed last at: $1.9 or 2.7% up. About 2.24 million shares traded hands or 111.32% up from the average. Veeva Systems Inc (NYSE:VEEV) has risen 55.89% since April 21, 2016 and is uptrending. It has outperformed by 50.56% 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. Veeva Systems has been the topic of 26 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus on Wednesday, November 23 with “Buy”. The firm has “Neutral” rating by Citigroup given on Tuesday, August 23. On Friday, September 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Wednesday, March 2, the company rating was maintained by Morgan Stanley. Canaccord Genuity maintained Veeva Systems Inc (NYSE:VEEV) rating on Wednesday, November 23. Canaccord Genuity has “Buy” rating and $48 price target. As per Wednesday, November 25, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, November 25. The rating was initiated by Bank of America on Friday, June 17 with “Neutral”. Citigroup initiated Veeva Systems Inc (NYSE:VEEV) on Friday, October 30 with “Neutral” rating. The rating was maintained by Needham on Wednesday, August 31 with “Buy”.

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 decreased to 1.74 in Q2 2016. Its down 0.05, from 1.79 in 2016Q1. The ratio dived, 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.
Profund Ltd Liability Co accumulated 0.05% or 28,910 shares. Geode Cap Mngmt Ltd Liability reported 597,076 shares or 0.01% of all its holdings. Tiverton Asset Mgmt Ltd Company has 0.19% invested in the company for 355,062 shares. Rhumbline Advisers has 90,428 shares for 0.01% of their US portfolio. Ftb Advsrs has 439 shares for 0% of their US portfolio. The New York-based New York State Common Retirement Fund has invested 0.07% in Veeva Systems Inc (NYSE:VEEV). First Republic Invest Mngmt has 26,558 shares for 0.01% of their US portfolio. The Minnesota-based Thrivent Fincl For Lutherans has invested 0.04% in Veeva Systems Inc (NYSE:VEEV). Goldman Sachs Gru Inc last reported 2.53M shares in the company. Ubs Asset Americas Inc holds 0% or 66,169 shares in its portfolio. Glynn Management Limited Com owns 191,515 shares or 2.13% of their US portfolio. Mark Sheptoff Financial Planning Ltd accumulated 0.03% or 1,300 shares. California State Teachers Retirement Sys holds 0.01% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 203,119 shares. Artisan Prtnrs Limited Partnership last reported 811,016 shares in the company. Qs Ltd Liability last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 37 insider sales for $35.72 million net activity. Another trade for 19,200 shares valued at $718,297 was sold by Ritter Gordon. Shares for $1.24 million were sold by Cabral Timothy S on Wednesday, June 15. $1.79M worth of Veeva Systems Inc (NYSE:VEEV) was sold by Mateo Alan. On Thursday, September 1 the insider Lequient Frederic sold $119,788. Another trade for 4,868 shares valued at $184,509 was made by Zuppas Eleni Nitsa on Thursday, October 13. 500 shares were sold by Faddis Jonathan, worth $18,610. $3.19 million worth of Veeva Systems Inc (NYSE:VEEV) was sold by Wallach Matthew J.

Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $6.14 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 117.02 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.

Another recent and important Veeva Systems Inc (NYSE:VEEV) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Veeva Systems Inc., 60.0% Follow-Through Indicator …” on November 22, 2016.

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