Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Sells $171,205.02 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan sold 2,478 shares of Zoom Video Communications stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $69.09, for a total transaction of $171,205.02. Following the sale, the chief accounting officer now owns 2,383 shares of the company’s stock, valued at approximately $164,641.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shane Crehan also recently made the following trade(s):

• On Tuesday, September 10th, Shane Crehan sold 1,550 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.87, for a total value of $103,648.50.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM opened at $70.85 on Friday. The firm has a market cap of $21.91 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 5.92 and a beta of -0.04. The firm’s 50 day simple moving average is $65.14 and its 200-day simple moving average is $62.42. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $74.77.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on ZM shares. UBS Group raised shares of Zoom Video Communications to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a research note on Thursday. Bank of America cut their target price on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Finally, Benchmark lifted their price objective on Zoom Video Communications from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $75.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZM. Vanguard Group Inc. boosted its stake in Zoom Video Communications by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock worth $1,683,950,000 after purchasing an additional 721,923 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Zoom Video Communications by 78.5% in the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock worth $337,233,000 after buying an additional 2,520,987 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Zoom Video Communications by 96.7% during the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock worth $310,566,000 after buying an additional 2,579,720 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Zoom Video Communications by 60.9% during the second quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock valued at $290,153,000 after buying an additional 1,855,679 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Zoom Video Communications by 1.3% in the 4th quarter. FIL Ltd now owns 3,069,797 shares of the company’s stock valued at $220,749,000 after acquiring an additional 40,456 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Zoom Video Communications

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.