Zoom Video Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky Sells 1,100 Shares

Zoom Video Communications, Inc. (NASDAQ:ZMGet Free Report) Director Santiago Subotovsky sold 1,100 shares of Zoom Video Communications stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $65.38, for a total value of $71,918.00. Following the completion of the sale, the director now directly owns 154,459 shares in the company, valued at approximately $10,098,529.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Santiago Subotovsky also recently made the following trade(s):

  • On Monday, March 4th, Santiago Subotovsky sold 2,067 shares of Zoom Video Communications stock. The shares were sold at an average price of $69.83, for a total value of $144,338.61.
  • On Friday, February 9th, Santiago Subotovsky sold 2,067 shares of Zoom Video Communications stock. The shares were sold at an average price of $65.88, for a total value of $136,173.96.

Zoom Video Communications Trading Down 0.9 %

Shares of NASDAQ ZM opened at $63.22 on Thursday. The stock has a 50 day moving average of $65.90 and a 200-day moving average of $66.58. The company has a market capitalization of $19.44 billion, a P/E ratio of 30.99 and a beta of -0.07. Zoom Video Communications, Inc. has a 12 month low of $58.87 and a 12 month high of $75.90.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. Analysts predict that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.

Institutional Trading of Zoom Video Communications

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Zoom Video Communications by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock valued at $1,683,950,000 after acquiring an additional 721,923 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Zoom Video Communications by 0.8% during the 1st quarter. BlackRock Inc. now owns 12,837,056 shares of the company’s stock worth $947,888,000 after buying an additional 104,955 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Zoom Video Communications by 7.7% during the 4th quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company’s stock worth $788,463,000 after buying an additional 781,663 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Zoom Video Communications by 3.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,612,008 shares of the company’s stock worth $475,469,000 after buying an additional 216,768 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Zoom Video Communications by 61.0% during the 1st quarter. Renaissance Technologies LLC now owns 6,449,306 shares of the company’s stock worth $756,052,000 after buying an additional 2,444,294 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Wells Fargo & Company downgraded Zoom Video Communications from an “equal weight” rating to an “underweight” rating and set a $70.00 price target for the company. in a research note on Wednesday, December 20th. Mizuho decreased their price target on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Jefferies Financial Group began coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price target for the company. Finally, BNP Paribas downgraded Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.56.

Get Our Latest Research Report on ZM

About Zoom Video Communications

(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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