BlackRock Amends Veeva Systems Stake, Maintains Significant Holding
Ticker: VEEV · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1393052
| Field | Detail |
|---|---|
| Company | Veeva Systems Inc (VEEV) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, software
TL;DR
**BlackRock still owns a big chunk of Veeva, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 8, 2024, disclosing its ownership of Class A Common Stock in Veeva Systems Inc. as of December 31, 2023. This amendment (Amendment No. 2) indicates that BlackRock continues to hold a significant stake in Veeva, a prepackaged software company. For investors, this filing confirms that a major institutional investor like BlackRock maintains its confidence in Veeva, which can be a positive signal about the company's long-term prospects and stability.
Why It Matters
This filing shows that BlackRock, a major institutional investor, continues to hold a substantial position in Veeva Systems, signaling ongoing confidence in the company's performance and future outlook.
Risk Assessment
Risk Level: low — This filing is an amendment from a large institutional investor, indicating stable ownership rather than a new, volatile event.
Analyst Insight
Investors should note BlackRock's continued stake in Veeva Systems as a sign of institutional confidence, but this filing alone doesn't provide new information to warrant immediate action. It's a confirmation of existing ownership.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Veeva Systems Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A amendment
- 922475108 (number) — the CUSIP number for Veeva Systems Inc. Class A Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as clearly identified in the 'FILED BY' section and on the cover page of the Schedule 13G.
What is the subject company whose securities are being reported?
The subject company is VEEVA SYSTEMS INC, as stated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Veeva Systems Inc. is 922475108, as listed on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 8, 2024 regarding VEEVA SYSTEMS INC (VEEV).