Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Acquired by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. raised its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,574 shares of the company’s stock after purchasing an additional 710 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Zoom Video Communications were worth $1,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Zoom Video Communications during the 4th quarter worth $39,000. Truvestments Capital LLC bought a new position in shares of Zoom Video Communications in the third quarter worth $37,000. Allworth Financial LP increased its holdings in shares of Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Zoom Video Communications by 56.0% during the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jonathan Chadwick sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the transaction, the director now directly owns 1,514 shares in the company, valued at approximately $121,619.62. This trade represents a 94.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Aparna Bawa sold 9,317 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $733,154.73. Following the transaction, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at approximately $1,105,830.57. This represents a 39.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 298,910 shares of company stock valued at $24,041,053 over the last ninety days. Corporate insiders own 10.78% of the company’s stock.

Zoom Video Communications Stock Performance

Shares of ZM opened at $85.99 on Thursday. The company has a market capitalization of $26.36 billion and a PE ratio of 28.66. The company’s 50 day moving average price is $83.09 and its 200 day moving average price is $74.05. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research report on Friday, January 10th. JMP Securities reaffirmed a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Piper Sandler boosted their price objective on Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Bank of America lifted their target price on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Barclays upped their price target on shares of Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.10.

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.