Zoom Video Communications, Inc. (NASDAQ:ZM) Director Sells $15,999.70 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 193 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $82.90, for a total transaction of $15,999.70. Following the transaction, the director now directly owns 171,927 shares of the company’s stock, valued at $14,252,748.30. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Zoom Video Communications Stock Performance

Shares of Zoom Video Communications stock traded down $0.06 during trading hours on Friday, reaching $75.97. The company’s stock had a trading volume of 6,268,809 shares, compared to its average volume of 3,039,675. The company has a market capitalization of $23.19 billion, a P/E ratio of 25.32, a P/E/G ratio of 5.48 and a beta of 0.26. The stock’s fifty day simple moving average is $79.98 and its two-hundred day simple moving average is $77.82. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80.

Hedge Funds Weigh In On Zoom Video Communications

Large investors have recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. increased its holdings in Zoom Video Communications by 127.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock worth $29,000 after buying an additional 258 shares in the last quarter. Avior Wealth Management LLC raised its position in Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Zoom Video Communications during the 4th quarter valued at $30,000. Finally, Colonial Trust Co SC purchased a new position in Zoom Video Communications during the 4th quarter worth $32,000. Institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Zoom Video Communications in a research report on Wednesday. UBS Group cut their price objective on Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Rosenblatt Securities reissued a “buy” rating and set a $95.00 target price on shares of Zoom Video Communications in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Zoom Video Communications from $72.00 to $86.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Benchmark reissued a “buy” rating and set a $97.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.33.

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.