Insider Selling: Zoom Video Communications Inc (NASDAQ:ZM) CFO Sells $1,400,860.86 in Stock

Zoom Video Communications Inc (NASDAQ:ZM) CFO Kelly Steckelberg sold 11,067 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $126.58, for a total transaction of $1,400,860.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kelly Steckelberg also recently made the following trade(s):

  • On Wednesday, February 19th, Kelly Steckelberg sold 11,067 shares of Zoom Video Communications stock. The stock was sold at an average price of $102.66, for a total transaction of $1,136,138.22.
  • On Tuesday, January 21st, Kelly Steckelberg sold 11,067 shares of Zoom Video Communications stock. The stock was sold at an average price of $76.05, for a total transaction of $841,645.35.

ZM stock opened at $138.11 on Thursday. The company’s 50 day moving average price is $106.64 and its 200 day moving average price is $80.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.21 and a current ratio of 3.28. The firm has a market capitalization of $44.10 billion and a price-to-earnings ratio of 1,726.59. Zoom Video Communications Inc has a fifty-two week low of $59.94 and a fifty-two week high of $164.94.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.16. The firm had revenue of $188.25 million during the quarter, compared to the consensus estimate of $176.88 million. Zoom Video Communications had a return on equity of 3.30% and a net margin of 3.73%. Zoom Video Communications’s revenue for the quarter was up 77.9% compared to the same quarter last year. Equities analysts forecast that Zoom Video Communications Inc will post 0.02 EPS for the current fiscal year.

A number of analysts have issued reports on ZM shares. Guggenheim boosted their price target on shares of Zoom Video Communications from $90.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Rosenblatt Securities boosted their price target on shares of Zoom Video Communications from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Piper Jaffray Companies started coverage on shares of Zoom Video Communications in a research note on Tuesday, December 10th. They set a “neutral” rating and a $70.00 price target on the stock. ValuEngine upgraded shares of Zoom Video Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, March 3rd. Finally, Piper Sandler boosted their price target on shares of Zoom Video Communications from $70.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Zoom Video Communications has a consensus rating of “Hold” and an average target price of $100.12.

A number of institutional investors and hedge funds have recently made changes to their positions in ZM. Artisan Partners Limited Partnership boosted its holdings in Zoom Video Communications by 129.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,192,614 shares of the company’s stock valued at $489,385,000 after purchasing an additional 4,061,148 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Zoom Video Communications by 721.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,463,345 shares of the company’s stock valued at $167,606,000 after purchasing an additional 2,163,345 shares in the last quarter. Wildcat Capital Management LLC acquired a new position in Zoom Video Communications in the fourth quarter valued at approximately $77,549,000. FIL Ltd boosted its holdings in Zoom Video Communications by 48.0% in the fourth quarter. FIL Ltd now owns 2,744,885 shares of the company’s stock valued at $186,762,000 after purchasing an additional 890,787 shares in the last quarter. Finally, Abdiel Capital Advisors LP boosted its holdings in Zoom Video Communications by 306.5% in the fourth quarter. Abdiel Capital Advisors LP now owns 1,070,137 shares of the company’s stock valued at $72,812,000 after purchasing an additional 806,897 shares in the last quarter. 22.62% of the stock is owned by hedge funds and other institutional investors.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first communications platform that changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

Read More: What are Closed-End Mutual Funds?

Insider Buying and Selling by Quarter for Zoom Video Communications (NASDAQ:ZM)

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.