Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Sells $299,276.10 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg sold 5,013 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $59.70, for a total transaction of $299,276.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 shares were 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 stock was sold at an average price of $58.64, for a total value of $293,610.48.
• On Tuesday, July 9th, Kelly Steckelberg sold 14,397 shares of Zoom Video Communications stock. The shares were sold at an average price of $57.15, for a total value of $822,788.55.
• On Wednesday, June 26th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were 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 stock was sold at an average price of $61.43, for a total transaction of $307,580.01.
• On Wednesday, May 29th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $61.58, for a total transaction of $308,331.06.

Zoom Video Communications Price Performance

Shares of NASDAQ:ZM traded up $2.10 during trading on Friday, hitting $70.14. The company had a trading volume of 10,679,044 shares, compared to its average volume of 3,364,035. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 8.91 and a beta of -0.05. The company has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $61.86. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a net margin of 18.37% and a return on equity of 10.55%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Zoom Video Communications, Inc. will post 2.43 earnings per share for the current year.

Institutional Investors Weigh In On Zoom Video Communications

Hedge funds have recently made changes to their positions in the company. KBC Group NV lifted its holdings in Zoom Video Communications by 134.3% during the fourth quarter. KBC Group NV now owns 561,558 shares of the company’s stock worth $40,382,000 after buying an additional 321,921 shares during the period. Vanguard Group Inc. boosted its position in Zoom Video Communications by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock valued at $1,683,950,000 after purchasing an additional 721,923 shares in the last quarter. Ossiam grew its stake in Zoom Video Communications by 1,917.4% in the fourth quarter. Ossiam now owns 231,474 shares of the company’s stock valued at $16,645,000 after purchasing an additional 220,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Zoom Video Communications by 9.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 441,168 shares of the company’s stock worth $30,171,000 after purchasing an additional 38,924 shares in the last quarter. Finally, Contrarius Investment Management Ltd lifted its position in shares of Zoom Video Communications by 31.2% during the fourth quarter. Contrarius Investment Management Ltd now owns 1,164,674 shares of the company’s stock valued at $83,752,000 after buying an additional 277,257 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI dropped their target price on Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating on the stock in a research report on Tuesday, May 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Thursday. Robert W. Baird dropped their price target on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday. 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. Finally, Citigroup raised their target price on Zoom Video Communications from $76.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.10.

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.