Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa Sells 10,871 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 10,871 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $68.12, for a total transaction of $740,532.52. Following the completion of the transaction, the chief operating officer now owns 12,498 shares of the company’s stock, valued at approximately $851,363.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Aparna Bawa also recently made the following trade(s):

• On Tuesday, September 10th, Aparna Bawa sold 831 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99.
• On Thursday, September 5th, Aparna Bawa sold 880 shares of Zoom Video Communications stock. The stock was sold at an average price of $68.09, for a total value of $59,919.20.
• On Thursday, July 18th, Aparna Bawa sold 10,332 shares of Zoom Video Communications stock. The shares were sold at an average price of $56.81, for a total value of $586,960.92.

Zoom Video Communications Stock Up 1.3 %

ZM opened at $70.85 on Friday. The business has a fifty day moving average of $65.14 and a 200 day moving average of $62.42. The stock has a market cap of $21.81 billion, a P/E ratio of 25.39, a PEG ratio of 6.03 and a beta of -0.04. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $74.77.

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

Analyst Ratings Changes

ZM has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Stifel Nicolaus boosted their target price on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday. Piper Sandler cut their target price on shares of Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Robert W. Baird decreased their price target on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Finally, Morgan Stanley cut their price objective on Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Zoom Video Communications has a consensus rating of “Hold” and a consensus target price of $75.05.

Institutional Investors Weigh In On Zoom Video Communications

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised 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 valued at $310,566,000 after acquiring an additional 2,579,720 shares in the last quarter. AQR Capital Management LLC raised its position in Zoom Video Communications by 78.5% during the 2nd quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after purchasing an additional 2,520,987 shares in the last quarter. Acadian Asset Management LLC raised its position in Zoom Video Communications by 60.9% during the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock valued at $290,153,000 after purchasing an additional 1,855,679 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 721,923 shares during the period. Finally, Retirement Systems of Alabama bought a new position in shares of Zoom Video Communications during the 1st quarter worth $42,289,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Video 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.