Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Purchased by Excalibur Management Corp

Excalibur Management Corp boosted its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,344 shares of the company’s stock after buying an additional 232 shares during the period. Excalibur Management Corp’s holdings in Zoom Video Communications were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZM. Principal Securities Inc. purchased a new position in shares of Zoom Video Communications during the 4th quarter valued at about $25,000. Quadrant Capital Group LLC raised its position in Zoom Video Communications by 269.7% during the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after acquiring an additional 267 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Zoom Video Communications in the fourth quarter valued at approximately $32,000. Innealta Capital LLC purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Zoom Video Communications during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Trading Up 0.0 %

NASDAQ:ZM opened at $67.62 on Tuesday. The company has a market cap of $20.81 billion, a P/E ratio of 25.23, a P/E/G ratio of 5.84 and a beta of -0.05. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $74.77. The company’s 50-day moving average price is $61.89 and its 200-day moving average price is $62.29.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, analysts expect that Zoom Video Communications, Inc. will post 2.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZM shares. UBS Group upgraded shares of Zoom Video Communications to a “hold” rating in a research note on Friday, July 26th. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Citigroup raised their target price on Zoom Video Communications from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein reduced their price target on Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Tuesday, May 21st. Finally, Evercore ISI dropped their price objective on Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating on the stock in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.68.

Insider Buying and Selling at Zoom Video Communications

In related news, CFO Kelly Steckelberg sold 5,007 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $57.59, for a total value of $288,353.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kelly Steckelberg sold 5,007 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $57.59, for a total value of $288,353.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Shane Crehan sold 2,493 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $58.26, for a total value of $145,242.18. Following the completion of the transaction, the chief accounting officer now owns 2,367 shares of the company’s stock, valued at $137,901.42. The disclosure for this sale can be found here. Insiders sold a total of 120,014 shares of company stock worth $7,070,162 in the last three months. 10.78% of the stock is owned by corporate insiders.

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.