Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan Sells 1,550 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan sold 1,550 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $103,648.50. Following the sale, the chief accounting officer now directly owns 1,463 shares of the company’s stock, valued at $97,830.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shane Crehan also recently made the following trade(s):

• On Monday, July 8th, Shane Crehan sold 2,493 shares of Zoom Video Communications stock. The shares were sold at an average price of $58.26, for a total value of $145,242.18.
• On Thursday, June 13th, Shane Crehan sold 363 shares of Zoom Video Communications stock. The stock was sold at an average price of $60.25, for a total value of $21,870.75.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $67.30 on Thursday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $74.77. The company’s fifty day moving average price is $61.34 and its two-hundred day moving average price is $62.35. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 5.90 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zoom Video Communications, Inc. will post 2.69 earnings per share for the current year.

Institutional Trading of Zoom Video Communications

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Zoom Video Communications by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock worth $1,683,950,000 after buying an additional 721,923 shares during the period. Nikko Asset Management Americas Inc. grew its stake in shares of Zoom Video Communications by 4.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 6,046,234 shares of the company’s stock worth $434,785,000 after acquiring an additional 233,321 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Zoom Video Communications by 78.5% in the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock worth $337,233,000 after acquiring an additional 2,520,987 shares during the last quarter. Pacer Advisors Inc. increased its position in Zoom Video Communications by 96.7% during the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock worth $310,566,000 after acquiring an additional 2,579,720 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Zoom Video Communications by 60.9% during the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock valued at $290,153,000 after purchasing an additional 1,855,679 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZM shares. Bank of America cut their price target on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their target price on Zoom Video Communications from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Finally, Robert W. Baird reduced their price objective on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Zoom Video Communications currently has a consensus rating of “Hold” and an average 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.