Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan Sells 2,478 Shares

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

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 Trading Up 0.2 %

Zoom Video Communications stock opened at $68.32 on Wednesday. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $74.77. The business’s fifty day simple moving average is $64.80 and its two-hundred day simple moving average is $62.35. The company has a market capitalization of $21.03 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 5.92 and a beta of -0.04.

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

Institutional Investors Weigh In On Zoom Video Communications

Institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Zoom Video Communications in the 2nd quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Zoom Video Communications in the second quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Zoom Video Communications during the second quarter valued at approximately $41,000. Versant Capital Management Inc lifted its position in Zoom Video Communications by 1,257.7% during the second quarter. Versant Capital Management Inc now owns 964 shares of the company’s stock valued at $57,000 after purchasing an additional 893 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Zoom Video Communications by 69.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $102,000 after purchasing an additional 692 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $78.00 target price on shares of Zoom Video Communications in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. UBS Group raised shares of Zoom Video Communications to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley reduced their price target on shares of Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Finally, Robert W. Baird decreased their price target on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Two equities research 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, the stock has an average rating of “Hold” and a consensus target price of $74.68.

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.