Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan Sells 1,412 Shares

Zoom Video Communications, Inc. (NASDAQ:ZMGet Free Report) CAO Shane Crehan sold 1,412 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $111,110.28. Following the completion of the transaction, the chief accounting officer now owns 5,404 shares of the company’s stock, valued at approximately $425,240.76. This represents a 20.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, December 10th, Shane Crehan sold 1,551 shares of Zoom Video Communications stock. The stock was sold at an average price of $84.94, for a total value of $131,741.94.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $78.82 on Tuesday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The stock has a 50 day moving average price of $83.02 and a two-hundred day moving average price of $71.24. The company has a market capitalization of $24.16 billion, a P/E ratio of 26.27, a PEG ratio of 5.29 and a beta of -0.01.

Institutional Trading of Zoom Video Communications

Several hedge funds and other institutional investors have recently bought and sold shares of ZM. Baker Avenue Asset Management LP increased its stake in shares of Zoom Video Communications by 82.1% during the third quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company’s stock valued at $1,994,000 after buying an additional 12,890 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Zoom Video Communications during the second quarter valued at approximately $763,000. HighTower Advisors LLC increased its stake in shares of Zoom Video Communications by 449.4% during the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock valued at $4,429,000 after buying an additional 52,039 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Zoom Video Communications by 15.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after buying an additional 167,618 shares during the period. Finally, National Pension Service increased its stake in shares of Zoom Video Communications by 30.1% during the third quarter. National Pension Service now owns 655,227 shares of the company’s stock valued at $45,696,000 after buying an additional 151,728 shares during the period. Institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ZM shares. Jefferies Financial Group upgraded Zoom Video Communications from a “hold” rating to a “buy” rating and raised their target price for the stock from $85.00 to $100.00 in a research note on Thursday, December 19th. Benchmark raised their target price on Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays raised their target price on Zoom Video Communications from $70.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wedbush started coverage on Zoom Video Communications in a report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 price target on the stock. Finally, Piper Sandler boosted their price objective on Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and an average price target of $87.81.

Read Our Latest Research Report on Zoom Video Communications

Zoom Video Communications Company Profile

(Get Free Report)

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.

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