Shares of Veeva Systems Inc. Class A (NYSE:VEEV) traded at a new 52-week high today of $331.51. So far today approximately 135,000 shares have been exchanged, as compared to an average 30-day volume of 555,000 shares.
Veeva is a leading supplier of software solutions for the life sciences industry. The company’s best-of-breed offering addresses operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise and cloud-based platform to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning, or ERP, systems that have limited flexibility. As the vertical leader, Veeva innovates, increases wallet share at existing customers, and expands into other industries with similar regulations, protocols, and procedures, such as consumer goods, chemicals, and cosmetics.
Over the past year, Veeva Systems Inc. Class A has traded in a range of $235.74 to $331.51 and is now at $331.51, 41% above that low.
Veeva Systems Inc. Class A (NYSE:VEEV) defies analysts with a current price ($331.51) 7.7% above its average consensus price target of $305.97.
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