Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $63.39, for a total value of $317,393.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Kelly Steckelberg also recently made the following trade(s):
- On Wednesday, March 20th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.46, for a total transaction of $332,765.22.
- On Wednesday, March 6th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $67.08, for a total transaction of $335,869.56.
Zoom Video Communications Stock Performance
Shares of NASDAQ:ZM opened at $62.94 on Friday. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 30.85 and a beta of -0.07. Zoom Video Communications, Inc. has a 1-year low of $58.87 and a 1-year high of $75.90. The company has a 50 day moving average price of $65.61 and a 200 day moving average price of $66.49.
Elon’s New A.I. Device is About to Shock the World
From InvestorPlace | Ad
Using this device you see above…
Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in…
“The next step in human evolution.”
Click here to see the details because there’s a lot of money at stake.
Zoom Video Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.34. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side 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
Institutional investors have recently modified their holdings of the stock. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Zoom Video Communications by 63.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company's stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. Principal Securities Inc. bought a new position in Zoom Video Communications in the 4th quarter worth $25,000. Quadrant Capital Group LLC increased its holdings in shares of Zoom Video Communications by 269.7% during the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company's stock worth $26,000 after purchasing an additional 267 shares during the period. Neo Ivy Capital Management increased its holdings in shares of Zoom Video Communications by 56.8% during the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company's stock worth $39,000 after purchasing an additional 133 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Zoom Video Communications by 76.7% during the 1st quarter. Covestor Ltd now owns 394 shares of the company's stock worth $46,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.
Wall Street Analysts Forecast Growth
ZM has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They set a "hold" rating and a $70.00 price target on the stock. Rosenblatt Securities reaffirmed a "neutral" rating and set a $75.00 price target on shares of Zoom Video Communications in a research report on Tuesday, March 26th. BNP Paribas cut shares of Zoom Video Communications from a "neutral" rating to an "underperform" rating and set a $60.00 target price on the stock. in a report on Thursday, January 18th. JPMorgan Chase & Co. cut their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, February 27th. Finally, Wells Fargo & Company cut shares of Zoom Video Communications from an "equal weight" rating to an "underweight" rating and set a $70.00 target price on the stock. in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $77.56.
Read Our Latest Analysis 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
