Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Sells $1,129,888.00 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg sold 6,700 shares of the company’s stock in a transaction dated Monday, January 10th. The stock was sold at an average price of $168.64, for a total value of $1,129,888.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, December 27th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $187.48, for a total value of $1,256,116.00.
  • On Wednesday, December 8th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $191.81, for a total value of $1,285,127.00.
  • On Monday, November 29th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $210.95, for a total value of $1,413,365.00.
  • On Friday, November 5th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $265.59, for a total value of $1,779,453.00.
  • On Wednesday, October 20th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $275.43, for a total value of $1,845,381.00.

ZM stock opened at $159.72 on Friday. Zoom Video Communications, Inc. has a twelve month low of $156.88 and a twelve month high of $451.77. The stock’s 50 day moving average is $203.31 and its 200-day moving average is $280.09. The firm has a market capitalization of $47.60 billion, a PE ratio of 42.48, a P/E/G ratio of 2.59 and a beta of -1.24.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 22nd. The company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. Zoom Video Communications had a return on equity of 24.22% and a net margin of 29.28%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, research analysts expect that Zoom Video Communications, Inc. will post 3.39 EPS for the current year.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Zoom Video Communications from a “neutral” rating to an “overweight” rating and set a $385.00 price target for the company in a research note on Friday, October 22nd. Wolfe Research decreased their price target on Zoom Video Communications from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Tuesday, November 23rd. Barclays reissued an “equal weight” rating and issued a $270.00 price target on shares of Zoom Video Communications in a research note on Monday, November 22nd. Robert W. Baird increased their price target on Zoom Video Communications from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, November 23rd. Finally, Daiwa Capital Markets raised Zoom Video Communications from a “sell” rating to an “underperform” rating and set a $207.00 price target for the company in a research note on Tuesday, November 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $306.37.

Several hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in shares of Zoom Video Communications by 10.7% in the fourth quarter. Spire Wealth Management now owns 8,653 shares of the company’s stock valued at $1,591,000 after purchasing an additional 836 shares in the last quarter. Clear Street LLC purchased a new stake in shares of Zoom Video Communications during the fourth quarter valued at approximately $27,586,000. Baldwin Brothers LLC MA increased its position in shares of Zoom Video Communications by 9.1% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,445 shares of the company’s stock valued at $266,000 after acquiring an additional 120 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Zoom Video Communications by 4.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $2,372,000 after acquiring an additional 500 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of Zoom Video Communications by 98.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 14,041 shares of the company’s stock valued at $2,582,000 after acquiring an additional 6,980 shares during the last quarter. Institutional investors own 48.80% of the company’s stock.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.

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