Veeva Systems Slides as Investors Digest Recent Earnings Rally

Veeva Systems (VEEV) is down 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is profit-taking after Veeva’s strong post-earnings run late last month, rather than a clearly negative company-specific announcement. This could be because investors are reassessing valuation after the company delivered upbeat results, raised full-year guidance, and then had little fresh incremental news to push shares higher in the near term.

Details:

Veeva reported fiscal second-quarter results on August 26 with revenue of $928.0 million, up 18% year over year, and subscription revenue of $766.8 million, up 16%.

The company also lifted its fiscal 2027 outlook to $3.682 billion to $3.687 billion in revenue and about $9.21 in non-GAAP diluted earnings per share.

Management highlighted strong momentum in Vault CRM and Veeva Falcon, including expanding adoption of AI-related products across commercial, clinical, regulatory, and safety workflows.

Recent updates have been broadly constructive, including a September 1 launch for Falcon Safety and a September 2 notice about upcoming investor conference appearances, which suggests today’s decline may be more about short-term trading dynamics than a new negative development.

Sources:

Veeva Systems, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$VEEV Insider Trading Activity

$VEEV insiders have traded $VEEV stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $VEEV stock by insiders over the last 6 months:

THOMAS D. SCHWENGER (Pres. & Chief Customer Officer) has made 0 purchases and 2 sales selling 15,000 shares for an estimated $3,813,300.
PRISCILLA HUNG has made 0 purchases and 2 sales selling 1,500 shares for an estimated $231,855.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$VEEV Hedge Fund Activity

We have seen 581 institutional investors add shares of $VEEV stock to their portfolio, and 670 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

STATE STREET CORP added 3,098,254 shares (+85.9%) to their portfolio in Q2 2026, for an estimated $549,847,137
TIGER GLOBAL MANAGEMENT LLC removed 2,420,500 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $429,566,135
FMR LLC removed 2,338,217 shares (-89.5%) from their portfolio in Q2 2026, for an estimated $414,963,370
JPMORGAN CHASE & CO added 1,600,195 shares (+inf%) to their portfolio in Q2 2026, for an estimated $283,986,606
ALLIANCEBERNSTEIN L.P. removed 1,357,776 shares (-21.7%) from their portfolio in Q2 2026, for an estimated $240,964,506
INVESCO LTD. added 1,350,324 shares (+626.2%) to their portfolio in Q2 2026, for an estimated $239,642,000
BLACKROCK, INC. added 1,303,628 shares (+11.3%) to their portfolio in Q2 2026, for an estimated $231,354,861

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$VEEV Analyst Ratings

Wall Street analysts have issued reports on $VEEV in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 06/04/2026
Needham issued a "Buy" rating on 06/04/2026
Piper Sandler issued a "Overweight" rating on 06/04/2026

To track analyst ratings and price targets for $VEEV, check out Quiver Quantitative's $VEEV forecast page.

$VEEV Price Targets

Multiple analysts have issued price targets for $VEEV recently. We have seen 16 analysts offer price targets for $VEEV in the last 6 months, with a median target of $232.5.

Here are some recent targets:

David Larsen from BTIG set a target price of $340.0 on 06/04/2026
Ryan MacDonald from Needham set a target price of $270.0 on 06/04/2026
Ken Wong from Oppenheimer set a target price of $225.0 on 06/04/2026
Gabriela Borges from Goldman Sachs set a target price of $165.0 on 06/04/2026
Steven Valiquette from Mizuho set a target price of $270.0 on 06/04/2026
Tyler Radke from Citigroup set a target price of $190.0 on 06/04/2026
David Grossman from Stifel set a target price of $230.0 on 06/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.