This afternoon we watched Veeva Systems drop -10.3% to a price of $174.25 per share. The Large-Cap Software company is now trading -27.96% below its average target price of $241.89. Analysts have set target prices ranging from $200.0 to $274.0 per share for Veeva Systems, and have given the stock an average rating of buy.
Veeva Systems's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 2.48. The company's insiders own 8.96% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.9%. In conclusion, we believe there is positive market sentiment regarding Veeva Systems.
Institutions Invested in Veeva Systems
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 14,150,070 | $2,465,649,697 |
| 2024-03-31 | Blackrock Inc. | 6% | 9,320,950 | $1,624,175,537 |
| 2024-03-31 | Alliancebernstein L.P. | 4% | 6,820,828 | $1,188,529,279 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 4% | 5,687,967 | $991,128,249 |
| 2024-03-31 | Artisan Partners Limited Partnership | 3% | 5,251,029 | $914,991,803 |
| 2024-03-31 | T. Rowe Price Investment Management, Inc. | 3% | 4,387,376 | $764,500,268 |
| 2024-03-31 | State Street Corporation | 2% | 3,211,812 | $559,658,241 |
| 2024-03-31 | FMR, LLC | 2% | 2,588,431 | $451,034,101 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 2,524,444 | $439,884,367 |
| 2024-03-31 | Massachusetts Financial Services Co. | 2% | 2,476,054 | $431,452,409 |
