Insider Selling: Zoom Video Communications Inc (NASDAQ:ZM) Director Sells 3,125 Shares of Stock

Zoom Video Communications Inc (NASDAQ:ZM) Director Kimberly Hammonds sold 3,125 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $71.69, for a total transaction of $224,031.25. Following the transaction, the director now directly owns 3,125 shares of the company’s stock, valued at approximately $224,031.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kimberly Hammonds also recently made the following trade(s):

  • On Monday, January 6th, Kimberly Hammonds sold 3,125 shares of Zoom Video Communications stock. The stock was sold at an average price of $70.00, for a total transaction of $218,750.00.
  • On Monday, November 18th, Kimberly Hammonds sold 16,797 shares of Zoom Video Communications stock. The shares were sold at an average price of $69.99, for a total transaction of $1,175,622.03.
  • On Friday, November 8th, Kimberly Hammonds sold 3,125 shares of Zoom Video Communications stock. The shares were sold at an average price of $70.00, for a total transaction of $218,750.00.
  • On Tuesday, October 15th, Kimberly Hammonds sold 37,500 shares of Zoom Video Communications stock. The shares were sold at an average price of $65.77, for a total transaction of $2,466,375.00.

ZM opened at $76.94 on Thursday. The business has a fifty day simple moving average of $68.52 and a 200 day simple moving average of $79.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.21 and a current ratio of 3.21. Zoom Video Communications Inc has a 1 year low of $59.94 and a 1 year high of $107.34.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $166.60 million for the quarter, compared to analyst estimates of $156.23 million. Zoom Video Communications’s quarterly revenue was up 84.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Zoom Video Communications Inc will post 0.02 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Piper Jaffray Companies assumed coverage on Zoom Video Communications in a report on Tuesday, December 10th. They issued a “neutral” rating and a $70.00 target price on the stock. Credit Suisse Group reduced their price objective on Zoom Video Communications from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Bank of America cut their target price on Zoom Video Communications from $103.00 to $87.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Stifel Nicolaus cut their target price on Zoom Video Communications from $90.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 6th. They noted that the move was a valuation call. Finally, Guggenheim initiated coverage on Zoom Video Communications in a research note on Friday, November 22nd. They issued a “buy” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.77.

Several institutional investors have recently modified their holdings of ZM. Gilder Gagnon Howe & Co. LLC increased its position in shares of Zoom Video Communications by 1.3% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 64,479 shares of the company’s stock valued at $4,913,000 after acquiring an additional 829 shares during the last quarter. L & S Advisors Inc bought a new position in shares of Zoom Video Communications in the second quarter worth $464,000. Millennium Management LLC bought a new position in shares of Zoom Video Communications in the third quarter worth $660,000. Stifel Financial Corp bought a new position in shares of Zoom Video Communications in the third quarter worth $361,000. Finally, Banco Santander S.A. bought a new position in shares of Zoom Video Communications in the third quarter worth $201,000. 10.28% 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 delivers 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.

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

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