Bank Hapoalim BM Sells 250 Shares of Zoom Communications, Inc. $ZM

Bank Hapoalim BM decreased its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,992 shares of the company’s stock after selling 250 shares during the period. Bank Hapoalim BM’s holdings in Zoom Communications were worth $5,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Zoom Communications by 18.5% during the 1st quarter. Principal Financial Group Inc. now owns 175,918 shares of the company’s stock worth $12,977,000 after acquiring an additional 27,430 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Zoom Communications by 15.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,928 shares of the company’s stock worth $880,000 after acquiring an additional 1,601 shares during the period. Yousif Capital Management LLC raised its stake in Zoom Communications by 31.9% during the 1st quarter. Yousif Capital Management LLC now owns 4,453 shares of the company’s stock worth $328,000 after acquiring an additional 1,076 shares during the period. Spire Wealth Management raised its stake in Zoom Communications by 990.6% during the 1st quarter. Spire Wealth Management now owns 1,396 shares of the company’s stock worth $103,000 after acquiring an additional 1,268 shares during the period. Finally, Circle Wealth Management LLC raised its stake in Zoom Communications by 201.6% during the 1st quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock worth $1,504,000 after acquiring an additional 13,629 shares during the period. Institutional investors own 66.54% of the company’s stock.

Insider Transactions at Zoom Communications

In related news, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $74.78, for a total value of $787,283.84. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $147,914.84. This trade represents a 84.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 7,661 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $77.50, for a total transaction of $593,727.50. Following the completion of the transaction, the insider directly owned 129,377 shares of the company’s stock, valued at approximately $10,026,717.50. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,925 shares of company stock valued at $6,680,119 in the last 90 days. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

ZM stock opened at $80.96 on Friday. The firm has a fifty day moving average price of $79.10 and a 200 day moving average price of $77.54. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80. The firm has a market cap of $24.49 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 11.35 and a beta of 0.78.

Analysts Set New Price Targets

A number of research firms have commented on ZM. JMP Securities restated a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, September 18th. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $91.74.

Zoom Communications Company Profile

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.