Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total value of $297,215.52. The transaction 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 Wednesday, April 3rd, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $63.39, for a total value of $317,393.73.
- On Wednesday, March 20th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $66.46, for a total value of $332,765.22.
- On Wednesday, March 6th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $67.08, for a total value of $335,869.56.
Zoom Video Communications Trading Down 0.8 %
NASDAQ:ZM opened at $59.45 on Friday. Zoom Video Communications, Inc. has a twelve month low of $58.87 and a twelve month high of $75.90. The company has a 50-day moving average of $64.82 and a 200-day moving average of $65.95. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 29.14 and a beta of -0.07.
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Zoom Video Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts forecast that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.
Hedge Funds Weigh In On Zoom Video Communications
Large investors have recently made changes to their positions in the business. Global Wealth Management Investment Advisory Inc. lifted its stake in Zoom Video Communications by 63.3% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company's stock valued at $34,000 after buying an additional 114 shares in the last quarter. Principal Securities Inc. purchased a new stake in Zoom Video Communications during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC lifted its stake in 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 buying an additional 267 shares in the last quarter. Neo Ivy Capital Management lifted its stake in Zoom Video Communications by 56.8% during the second quarter. Neo Ivy Capital Management now owns 367 shares of the company's stock valued at $39,000 after buying an additional 133 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Zoom Video Communications by 76.7% during the first quarter. Covestor Ltd now owns 394 shares of the company's stock valued at $46,000 after buying an additional 171 shares in the last quarter. Institutional investors own 66.54% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ZM. Mizuho reduced their price objective on Zoom Video Communications from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. Jefferies Financial Group began 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 for the company. Wedbush restated a "neutral" rating and set a $80.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered their price target 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. Finally, Piper Sandler upped their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $77.56.
Check Out Our Latest Analysis on ZM
About Zoom Video Communications
(
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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