Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) CFO Kelly Steckelberg sold 5,013 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $59.70, for a total value of $299,276.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Kelly Steckelberg also recently made the following trade(s):
- On Wednesday, August 7th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $56.64, for a total value of $283,596.48.
- On Wednesday, July 24th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $58.64, for a total transaction of $293,610.48.
- On Tuesday, July 9th, Kelly Steckelberg sold 14,397 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.15, for a total transaction of $822,788.55.
- On Wednesday, June 26th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.59, for a total transaction of $288,353.13.
- On Wednesday, June 12th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $61.43, for a total value of $307,580.01.
- On Wednesday, May 29th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $61.58, for a total value of $308,331.06.
Zoom Video Communications Price Performance
ZM stock opened at $70.14 on Friday. The company has a market capitalization of $21.69 billion, a PE ratio of 26.17, a P/E/G ratio of 10.44 and a beta of -0.05. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $75.90. The firm’s 50-day moving average is $58.53 and its 200 day moving average is $61.85.
Institutional Investors Weigh In On Zoom Video Communications
Several hedge funds have recently made changes to their positions in ZM. Principal Securities Inc. bought a new position in shares of Zoom Video Communications during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its holdings in Zoom Video Communications by 269.7% during the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $26,000 after buying an additional 267 shares during the period. Frazier Financial Advisors LLC bought a new stake in Zoom Video Communications during the 4th quarter valued at $32,000. Innealta Capital LLC bought a new position in shares of Zoom Video Communications in the 2nd quarter worth $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Zoom Video Communications in the 2nd quarter worth $36,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on ZM. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research note on Thursday. Morgan Stanley lowered their price objective on shares of 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday. Citigroup upped their target price on shares of Zoom Video Communications from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their price target on Zoom Video Communications from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.10.
Get Our Latest Stock Report on Zoom Video Communications
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.
See Also
- Five stocks we like better than Zoom Video Communications
- Utilities Stocks Explained – How and Why to Invest in Utilities
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- MarketBeat Week in Review – 8/19 – 8/23
- Buy P&G Now, Before It Sets A New All-Time High
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
Receive News & Ratings for Zoom Video Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Video Communications and related companies with MarketBeat.com's FREE daily email newsletter.