Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 1,100 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $65.38, for a total value of $71,918.00. Following the transaction, the director now directly owns 154,459 shares of the company's stock, valued at $10,098,529.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Santiago Subotovsky also recently made the following trade(s):
- On Monday, March 4th, Santiago Subotovsky sold 2,067 shares of Zoom Video Communications stock. The shares were sold at an average price of $69.83, for a total value of $144,338.61.
- On Friday, February 9th, Santiago Subotovsky sold 2,067 shares of Zoom Video Communications stock. The stock was sold at an average price of $65.88, for a total value of $136,173.96.
Zoom Video Communications Price Performance
ZM stock opened at $63.22 on Thursday. Zoom Video Communications, Inc. has a one year low of $58.87 and a one year high of $75.90. The stock has a market cap of $19.44 billion, a PE ratio of 30.99 and a beta of -0.07. The firm has a 50 day simple moving average of $65.90 and a two-hundred day simple moving average of $66.58.
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Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.34. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.13 billion. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. On average, research analysts expect that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.
Institutional Investors Weigh In On Zoom Video Communications
A number of hedge funds have recently made changes to their positions in ZM. Pearl River Capital LLC raised its holdings in Zoom Video Communications by 31.6% during the 3rd quarter. Pearl River Capital LLC now owns 37,190 shares of the company's stock valued at $2,601,000 after buying an additional 8,928 shares during the last quarter. California Public Employees Retirement System raised its holdings in Zoom Video Communications by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 460,836 shares of the company's stock valued at $32,231,000 after buying an additional 14,945 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Zoom Video Communications by 15.9% during the 3rd quarter. CIBC Asset Management Inc now owns 42,353 shares of the company's stock valued at $2,962,000 after buying an additional 5,826 shares during the last quarter. Vanguard Group Inc. raised its holdings in Zoom Video Communications by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company's stock valued at $1,587,326,000 after buying an additional 1,000,005 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC raised its holdings in Zoom Video Communications by 25.4% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 328,048 shares of the company's stock valued at $23,590,000 after buying an additional 66,433 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ZM. BNP Paribas lowered Zoom Video Communications from a "neutral" rating to an "underperform" rating and set a $60.00 price target for the company. in a report on Thursday, January 18th. Jefferies Financial Group began coverage on Zoom Video Communications in a report on Tuesday, March 19th. They issued a "hold" rating and a $70.00 price target for the company. Wedbush reaffirmed a "neutral" rating and issued a $80.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 27th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $75.00 price target on shares of Zoom Video Communications in a report on Tuesday, March 26th. Finally, Piper Sandler raised their price target on Zoom Video Communications from $69.00 to $72.00 and gave the stock a "neutral" rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Zoom Video Communications has an average rating of "Hold" and an average price target of $77.56.
Check Out Our Latest Research Report on Zoom Video Communications
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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