Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric S. Yuan sold 27,963 shares of the firm's stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total transaction of $1,733,146.74. Following the completion of the transaction, the chief executive officer now directly owns 95,140 shares in the company, valued at $5,896,777.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Zoom Video Communications Price Performance
Shares of Zoom Video Communications stock opened at $61.63 on Friday. The firm's fifty day simple moving average is $65.28 and its 200-day simple moving average is $66.27. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 30.21 and a beta of -0.07. Zoom Video Communications, Inc. has a 12 month low of $58.87 and a 12 month high of $75.90.
Zoom Video Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. The company had revenue of $1.15 billion for 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%. Analysts anticipate that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of ZM. Pearl River Capital LLC grew its stake in shares of Zoom Video Communications by 31.6% during the 3rd quarter. Pearl River Capital LLC now owns 37,190 shares of the company's stock worth $2,601,000 after purchasing an additional 8,928 shares during the period. California Public Employees Retirement System grew its stake in shares of 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 worth $32,231,000 after purchasing an additional 14,945 shares during the period. CIBC Asset Management Inc boosted its position in shares of Zoom Video Communications by 15.9% in the 3rd quarter. CIBC Asset Management Inc now owns 42,353 shares of the company's stock worth $2,962,000 after buying an additional 5,826 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Zoom Video Communications by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company's stock worth $1,587,326,000 after buying an additional 1,000,005 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC boosted its position in shares of Zoom Video Communications by 25.4% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 328,048 shares of the company's stock worth $23,590,000 after buying an additional 66,433 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ZM has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a research note on Tuesday, March 19th. They issued a "hold" rating and a $70.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, February 27th. Wells Fargo & Company cut shares of Zoom Video Communications from an "equal weight" rating to an "underweight" rating and set a $70.00 price objective for the company. in a research report on Wednesday, December 20th. Piper Sandler raised their price objective on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a "neutral" rating in a research report on Friday, January 12th. Finally, BNP Paribas cut shares of Zoom Video Communications from a "neutral" rating to an "underperform" rating and set a $60.00 price objective for the company. in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Zoom Video Communications has a consensus rating of "Hold" and a consensus price target of $77.56.
Check Out Our Latest Stock Report 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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