Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Sells 1,475 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZMGet Free Report) CAO Shane Crehan sold 1,475 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $62.99, for a total transaction of $92,910.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shane Crehan also recently made the following trade(s):

  • On Sunday, June 9th, Shane Crehan sold 1,538 shares of Zoom Video Communications stock. The shares were sold at an average price of $62.42, for a total value of $96,001.96.
  • On Tuesday, April 9th, Shane Crehan sold 5,099 shares of Zoom Video Communications stock. The shares were sold at an average price of $62.97, for a total value of $321,084.03.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM traded down $0.11 during trading hours on Tuesday, hitting $62.85. 1,963,095 shares of the company’s stock traded hands, compared to its average volume of 3,288,104. The company’s fifty day simple moving average is $62.14 and its two-hundred day simple moving average is $65.81. Zoom Video Communications, Inc. has a 52 week low of $58.87 and a 52 week high of $75.90. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 9.84 and a beta of -0.01.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.23. Zoom Video Communications had a net margin of 18.37% and a return on equity of 10.55%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts anticipate that Zoom Video Communications, Inc. will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Zoom Video Communications

Several hedge funds have recently modified their holdings of ZM. Principal Securities Inc. acquired a new stake in Zoom Video Communications during the 4th quarter worth about $25,000. Quadrant Capital Group LLC raised its holdings in shares of Zoom Video Communications by 269.7% during the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after acquiring an additional 267 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Zoom Video Communications in the 4th quarter valued at approximately $32,000. Rakuten Securities Inc. acquired a new position in Zoom Video Communications in the 4th quarter worth approximately $43,000. Finally, GAMMA Investing LLC purchased a new position in Zoom Video Communications during the 4th quarter worth approximately $48,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZM has been the subject of a number of research reports. Citigroup lifted their price target on shares of Zoom Video Communications from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Tuesday, May 21st. Jefferies Financial Group started coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They set a “hold” rating and a $70.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Zoom Video Communications in a report on Tuesday, May 21st. Finally, Mizuho reduced their price target on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and a consensus price target of $76.18.

Check Out Our Latest Analysis on ZM

Zoom Video Communications Company Profile

(Get Free Report)

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

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Insider Buying and Selling by Quarter for Zoom Video Communications (NASDAQ:ZM)

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