3,988 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Acquired by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC purchased a new stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZMFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,988 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ZM. Oak Thistle LLC grew its holdings in shares of Zoom Video Communications by 97.4% in the fourth quarter. Oak Thistle LLC now owns 9,042 shares of the company’s stock worth $650,000 after purchasing an additional 4,461 shares during the last quarter. Sicart Associates LLC grew its holdings in shares of Zoom Video Communications by 31.9% in the fourth quarter. Sicart Associates LLC now owns 62,916 shares of the company’s stock worth $4,524,000 after purchasing an additional 15,229 shares during the last quarter. L. Roy Papp & Associates LLP bought a new position in shares of Zoom Video Communications in the fourth quarter worth approximately $1,032,000. State of Alaska Department of Revenue grew its holdings in shares of Zoom Video Communications by 6.3% in the fourth quarter. State of Alaska Department of Revenue now owns 45,645 shares of the company’s stock worth $3,282,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Zoom Video Communications by 835.9% in the fourth quarter. Blue Trust Inc. now owns 1,226 shares of the company’s stock worth $86,000 after purchasing an additional 1,095 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Video Communications Price Performance

NASDAQ ZM traded down $0.44 during trading hours on Wednesday, hitting $63.34. The company’s stock had a trading volume of 1,167,893 shares, compared to its average volume of 3,401,802. Zoom Video Communications, Inc. has a 12 month low of $58.87 and a 12 month high of $75.90. The company’s 50 day simple moving average is $65.90 and its two-hundred day simple moving average is $66.58. The company has a market cap of $19.48 billion, a P/E ratio of 31.12 and a beta of -0.07.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.76 earnings per share (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%. As a group, research analysts predict that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kelly Steckelberg sold 5,007 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $66.46, for a total transaction of $332,765.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $66.46, for a total transaction of $332,765.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Aparna Bawa sold 19,207 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $67.00, for a total value of $1,286,869.00. Following the transaction, the chief operating officer now owns 1,978 shares of the company’s stock, valued at approximately $132,526. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,008 shares of company stock worth $4,390,492. 11.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZM has been the topic of several recent analyst reports. 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. Jefferies Financial Group started coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price target for the company. Mizuho dropped their price target on 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. 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 research note on Friday, January 12th. Finally, Wells Fargo & Company lowered Zoom Video Communications from an “equal weight” rating to an “underweight” rating and set a $70.00 price target for the company. in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Zoom Video Communications presently has a consensus rating of “Hold” and an average price target of $77.56.

View Our Latest Analysis on Zoom Video Communications

Zoom Video Communications Company Profile

(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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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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