2,914 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Acquired by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. purchased a new position in Zoom Video Communications, Inc. (NASDAQ:ZM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,914 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. abrdn plc increased its holdings in shares of Zoom Video Communications by 14.8% in the 3rd quarter. abrdn plc now owns 90,948 shares of the company’s stock valued at $6,343,000 after acquiring an additional 11,720 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Zoom Video Communications in the third quarter valued at approximately $1,245,000. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Zoom Video Communications during the 3rd quarter worth approximately $395,000. Klein Pavlis & Peasley Financial Inc. acquired a new position in shares of Zoom Video Communications in the 3rd quarter valued at $827,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Zoom Video Communications in the 3rd quarter valued at $298,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Eric S. Yuan sold 2,420 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $56.12, for a total value of $135,810.40. Following the completion of the transaction, the chief executive officer now directly owns 90,354 shares of the company’s stock, valued at $5,070,666.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Eric S. Yuan sold 2,420 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $56.12, for a total value of $135,810.40. Following the sale, the chief executive officer now directly owns 90,354 shares in the company, valued at $5,070,666.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Shane Crehan sold 1,550 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total transaction of $103,648.50. Following the transaction, the chief accounting officer now owns 1,463 shares of the company’s stock, valued at $97,830.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,477 shares of company stock worth $12,842,978. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Price Performance

Shares of ZM stock opened at $75.50 on Wednesday. The business’s fifty day moving average price is $69.10 and its 200 day moving average price is $63.13. The firm has a market capitalization of $23.24 billion, a PE ratio of 28.17, a P/E/G ratio of 6.26 and a beta of -0.04. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $75.96.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. The company 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 in the previous year, the firm earned $0.55 EPS. Equities research analysts expect that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wedbush initiated coverage on shares of Zoom Video Communications in a research report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 price target for the company. Robert W. Baird decreased their target price on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a research report on Thursday, October 10th. Bank of America lowered their target price on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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, August 23rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.32.

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.