Market Whales and Their Recent Bets on VEEV Options

Whales with a lot of money to spend have taken a noticeably bullish stance on Veeva Sys.

Looking at options history for Veeva Sys VEEV we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $233,300 and 8, calls, for a total amount of $1,410,491.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $280.0 for Veeva Sys over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Veeva Sys options trades today is 802.0 with a total volume of 9,868.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Veeva Sys's big money trades within a strike price range of $160.0 to $280.0 over the last 30 days.

Veeva Sys Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Veeva Sys

Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.

Having examined the options trading patterns of Veeva Sys, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Veeva Sys

• Trading volume stands at 1,547,252, with VEEV's price up by 1.12%, positioned at $179.36.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 76 days.

What Analysts Are Saying About Veeva Sys

5 market experts have recently issued ratings for this stock, with a consensus target price of $197.2.

• Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $205.
• Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Hold rating for Veeva Sys, targeting a price of $185.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Veeva Sys, targeting a price of $183.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Veeva Sys with a target price of $213.
• In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $200.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Veeva Sys options trades with real-time alerts from Benzinga Pro.