Zoom Video Communications Inc (NASDAQ:ZM) CFO Kelly Steckelberg sold 11,067 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $169.97, for a total value of $1,881,057.99. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Kelly Steckelberg also recently made the following trade(s):

  • On Monday, April 20th, Kelly Steckelberg sold 11,067 shares of Zoom Video Communications stock. The stock was sold at an average price of $151.32, for a total value of $1,674,658.44.
  • On Thursday, March 19th, Kelly Steckelberg sold 11,067 shares of Zoom Video Communications stock. The shares were sold at an average price of $126.58, for a total value of $1,400,860.86.

Shares of NASDAQ ZM opened at $171.06 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $148.45 and its two-hundred day moving average price is $101.24. Zoom Video Communications Inc has a 52-week low of $60.97 and a 52-week high of $181.50. The stock has a market capitalization of $48.00 billion and a P/E ratio of 2,138.52.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.16. Zoom Video Communications had a net margin of 3.73% and a return on equity of 3.30%. The company had revenue of $188.25 million for the quarter, compared to analyst estimates of $176.88 million. The business’s revenue was up 77.9% compared to the same quarter last year. As a group, equities research analysts expect that Zoom Video Communications Inc will post 0.02 earnings per share for the current year.

Several research firms recently commented on ZM. Wells Fargo & Co increased their price target on Zoom Video Communications from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Argus restated a “hold” rating on shares of Zoom Video Communications in a research report on Wednesday, April 8th. ValuEngine lowered Zoom Video Communications from a “buy” rating to a “hold” rating in a report on Friday, April 17th. Citigroup started coverage on Zoom Video Communications in a report on Friday, May 15th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Zoom Video Communications from $125.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Zoom Video Communications presently has a consensus rating of “Hold” and a consensus price target of $122.50.

Several large investors have recently made changes to their positions in ZM. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Zoom Video Communications by 101.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 201 shares of the company’s stock valued at $29,000 after acquiring an additional 101 shares during the period. 1776 Wealth LLC boosted its stake in Zoom Video Communications by 17.5% in the 1st quarter. 1776 Wealth LLC now owns 738 shares of the company’s stock worth $107,000 after purchasing an additional 110 shares during the period. Sowell Financial Services LLC boosted its stake in Zoom Video Communications by 10.7% in the 4th quarter. Sowell Financial Services LLC now owns 1,461 shares of the company’s stock worth $99,000 after purchasing an additional 141 shares during the period. Toth Financial Advisory Corp boosted its stake in Zoom Video Communications by 93.8% in the 1st quarter. Toth Financial Advisory Corp now owns 310 shares of the company’s stock worth $45,000 after purchasing an additional 150 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Zoom Video Communications by 150.0% in the 1st quarter. Global Retirement Partners LLC now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the period. Institutional investors own 24.41% of the company’s stock.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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

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