Large Outflow of Money Witnessed in Veeva Systems

Veeva Systems (VEEV) : The total negative money flow of $4.66 million on Friday indicates selling on strength. The inflow of money on upticks was $12.66 million, compared to $17.32 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.73. The negative money flow of $3.77 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.01 million in a block trade.The transaction value of block trade on downtick was $4.79 million. The uptick to downtick ratio was 0.21. The price action in the Veeva Systems (VEEV) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $40.75 with a gain of $0.52 , a change of 1.29% over the previous days close. The stock registered 5% for the week.


The company Insiders own 19.17% of Veeva Systems shares according to the proxy statements. Institutional Investors own 72.66% of Veeva Systems shares. During last six month period, the net percent change held by insiders has seen a change of -86.21%.

In a related news, Ritter Gordon, director of Veeva Systems Inc, unloaded 19,200 shares at an average price of $38.3 on August 8, 2016. The total amount of the transaction was worth $735,360, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Veeva Systems (NYSE:VEEV): The stock opened at $40.22 and touched an intraday high of $40.77 on Friday. During the day, the stock corrected to an intraday low of $39.85, however, the bulls stepped in and pushed the price higher to close in the green at $40.74 with a gain of 1.27% for the day. The total traded volume for the day was 1,900,638. The stock had closed at $40.23 in the previous trading session.

Veeva Systems (VEEV) : Traders are bullish on Veeva Systems (VEEV) as it has outperformed the S&P 500 by a wide margin of 6.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.97% in the last 1 week, and is up 6.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Companys industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.

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