Shares of Veeva Systems Inc. Class A (NYSE:VEEV) traded today at $319.68, eclipsing its 52-week high. So far today approximately 560,000 shares have been exchanged, as compared to an average 30-day volume of 840,000 shares.
Veeva is a leading supplier of vertical 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.
Based on a current price of $309.15, Veeva Systems Inc. Class A is currently 14.1% above its average consensus analyst price target of $265.43.
Veeva Systems Inc. Class A share prices have moved between a 52-week high of $319.68 and a 52-week low of $118.11 and are now trading 162% above that low price at $309.15 per share.
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