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VEEV - January 3, 2021

Long
NYSE:VEEV   Veeva Systems Inc
VEEV is a healthcare focused big data analytics company, which operates two main business segments. Veeva Commercial Cloud is a suite of multichannel customer relationship management applications, commercial data warehouse, data and services. Veeva Vault, a cloud-based enterprise content and data management software for managing medical, sales, marketing, clinical, regulatory, quality, and safety. VEEV trades at a high 28.8x sales multiple and expensive 103x EBITDA multiple. It is a mature company that is expected to pull $357M in profit in fiscal 2021, up from $301M in fiscal 2020. Veeva Systems was on our watchlist in early December, and it currently has consolidated in the 250-280 range.

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