Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick Sells 25,000 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the transaction, the director now owns 1,514 shares in the company, valued at $121,619.62. This represents a 94.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jonathan Chadwick also recently made the following trade(s):

• On Tuesday, October 29th, Jonathan Chadwick sold 12,500 shares of Zoom Video Communications stock. The stock was sold at an average price of $75.04, for a total transaction of $938,000.00.

Zoom Video Communications Price Performance

Shares of NASDAQ:ZM opened at $78.07 on Friday. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 4.97 and a beta of -0.01. The company has a 50 day moving average of $83.05 and a 200-day moving average of $71.50. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80.

Analyst Ratings Changes

Several research analysts recently issued reports on ZM shares. Rosenblatt Securities reissued a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a research report on Friday, November 22nd. Stifel Nicolaus increased their target price on Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Benchmark boosted their price target on Zoom Video Communications from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Finally, Wedbush initiated coverage on shares of Zoom Video Communications in a research note on Thursday, October 17th. They issued an “outperform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.77.

Institutional Trading of Zoom Video Communications

A number of institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC increased its stake in shares of Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Truvestments Capital LLC acquired a new position in Zoom Video Communications during the third quarter valued at approximately $37,000. Allworth Financial LP grew its holdings in Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC increased its stake in Zoom Video Communications by 56.0% in the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after purchasing an additional 274 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Zoom Video Communications by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.