Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Kelly Steckelberg sold 5,007 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $61.42, for a total value of $307,529.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Kelly Steckelberg also recently made the following trade(s):
- On Wednesday, April 17th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $59.36, for a total value of $297,215.52.
- 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 shares were 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 shares were sold at an average price of $67.08, for a total value of $335,869.56.
Zoom Video Communications Trading Down 1.6 %
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NASDAQ ZM opened at $61.82 on Friday. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 30.30 and a beta of -0.05. 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 of $64.61 and a 200-day moving average of $65.72.
Zoom Video Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.34. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. On average, equities research analysts forecast that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Zoom Video Communications during the 4th quarter valued at $164,224,000. Acadian Asset Management LLC boosted its stake in shares of Zoom Video Communications by 639.9% during the third quarter. Acadian Asset Management LLC now owns 1,629,081 shares of the company's stock valued at $113,916,000 after purchasing an additional 1,408,908 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Zoom Video Communications by 4.6% during the third quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company's stock worth $1,587,326,000 after purchasing an additional 1,000,005 shares during the last quarter. ARK Investment Management LLC grew its holdings in shares of Zoom Video Communications by 7.7% during the fourth quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company's stock worth $788,463,000 after purchasing an additional 781,663 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new position in shares of Zoom Video Communications in the first quarter valued at approximately $42,289,000. Institutional investors and hedge funds own 66.54% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on ZM. Mizuho reduced their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 27th. Jefferies Financial Group assumed coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They set a "hold" rating and a $70.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 27th. BNP Paribas downgraded shares of Zoom Video Communications from a "neutral" rating to an "underperform" rating and set a $60.00 target price for the company. in a research report on Thursday, January 18th. Finally, Wedbush restated a "neutral" rating and set a $80.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $77.56.
View Our Latest Research Report 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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