In the second quarter of 2025, Conestoga Capital Advisors saw a slow start but later gained momentum as tariff fears eased. The Conestoga Mid Cap Composite returned 3.46% net-of-fees, trailing the Russell Mid Cap Growth Index at 18.20%. Investor focus shifted to high-beta and AI stocks, creating challenges for the Mid Cap Strategy.

Veeva Systems Inc. (NYSE: VEEV) was highlighted in Conestoga Capital Advisors’ investor letter. The stock offers cloud-based software for the life sciences industry, with a one-month return of 0.84% and a 51.52% gain over 52 weeks. On July 25, 2025, VEEV stock closed at $290.41 per share, with a market cap of $47.456 billion.

Conestoga Capital Advisors noted Veeva Systems Inc. (NYSE: VEEV) as a vertical SaaS company for the life sciences industry, reporting a strong start to their fiscal year and exceeding expectations. VEEV added 28 new Vault CRM customers in the quarter, with expectations of reaching 200 customers by next year.

Veeva Systems Inc. (NYSE: VEEV) was not among the 30 Most Popular Stocks Among Hedge Funds, but 55 hedge fund portfolios held it at the end of the first quarter. The company reported revenue of $759 million in the first quarter, with a robust non-GAAP operating margin. While VEEV shows potential, certain AI stocks may offer greater upside potential.

Read more at Yahoo Finance: Veeva Systems (VEEV) Surpassed Expectations in Q2