In a report released today, Ryan MacDonald from Needham assigned a Buy rating to Veeva Systems (VEEV), with a price target of $327.00. The company’s shares closed last Tuesday at $284.20, close to its 52-week high of $313.99.
According to TipRanks.com, MacDonald is a top 100 analyst with an average return of 37.3% and a 77.1% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software, Verint Systems, and ChannelAdvisor.
Veeva Systems has an analyst consensus of Moderate Buy, with a price target consensus of $279.00.
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The company has a one-year high of $313.99 and a one-year low of $118.11. Currently, Veeva Systems has an average volume of 854.9K.
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VEEV in relation to earlier this year. Most recently, in October 2020, Alan Mateo, the EVP Global Sales of VEEV bought 3,335 shares for a total of $90,012.
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Veeva Systems, Inc. engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance. The firm’s customer relationship management solutions enable its customers to increase the productivity and compliance of their sales and marketing functions. Its regulated content management and collaboration solutions enable its customers to more efficiently manage a regulated, content-centric processes across the enterprise. The company’s customer master solution enables customers to more effectively manage complex healthcare provider and healthcare organization data. The company was founded by Mark Armenante, Peter P. Gassner, Doug Ostler, Mitch Wallace and Matthew J. Wallach on January 12, 2007 and is headquartered in Pleasanton, CA.
