Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Sells $7,189,884.96 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan sold 83,332 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total transaction of $7,189,884.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Zoom Video Communications Trading Up 0.8 %

Shares of NASDAQ:ZM opened at $86.69 on Friday. The stock has a market capitalization of $26.57 billion and a P/E ratio of 28.90. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The stock’s 50-day moving average price is $83.09 and its 200-day moving average price is $74.05.

Analyst Ratings Changes

Several equities research analysts recently commented on ZM shares. Mizuho boosted their price target on Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research report on Friday, January 10th. Morgan Stanley boosted their price target on Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Wedbush started coverage on Zoom Video Communications in a report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Bank of America boosted their price target on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Sixteen 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 company’s stock. According to data from MarketBeat.com, Zoom Video Communications currently has an average rating of “Hold” and a consensus price target of $89.10.

Institutional Investors Weigh In On Zoom Video Communications

A number of large investors have recently added to or reduced their stakes in ZM. Edgestream Partners L.P. purchased a new stake in shares of Zoom Video Communications during the 4th quarter valued at about $826,000. Jackson Creek Investment Advisors LLC boosted its stake in shares of Zoom Video Communications by 10.3% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 5,435 shares of the company’s stock worth $444,000 after buying an additional 508 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Zoom Video Communications by 10.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 6,624 shares of the company’s stock worth $541,000 after purchasing an additional 651 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of Zoom Video Communications during the fourth quarter valued at approximately $1,999,000. Finally, Avory & Company LLC increased its holdings in shares of Zoom Video Communications by 2.0% in the fourth quarter. Avory & Company LLC now owns 302,590 shares of the company’s stock valued at $24,694,000 after purchasing an additional 5,840 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

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.