Lindbrook Capital LLC Sells 1,531 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Lindbrook Capital LLC lowered its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 60.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 999 shares of the company’s stock after selling 1,531 shares during the period. Lindbrook Capital LLC’s holdings in Zoom Video Communications were worth $72,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AM Squared Ltd bought a new stake in shares of Zoom Video Communications during the third quarter worth approximately $28,000. Allworth Financial LP boosted its holdings in shares of Zoom Video Communications by 101.4% during the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $39,000 after acquiring an additional 282 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Zoom Video Communications during the fourth quarter worth approximately $43,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zoom Video Communications by 134.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 704 shares of the company’s stock worth $51,000 after acquiring an additional 404 shares during the period. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Zoom Video Communications by 105.9% during the third quarter. HighMark Wealth Management LLC now owns 972 shares of the company’s stock worth $68,000 after acquiring an additional 500 shares during the period. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM opened at $61.65 on Thursday. The company has a fifty day moving average of $64.63 and a 200-day moving average of $65.84. The company has a market capitalization of $18.96 billion, a PE ratio of 30.22 and a beta of -0.07. Zoom Video Communications, Inc. has a 52-week low of $58.87 and a 52-week high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities analysts forecast that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 816 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60. Following the sale, the chief operating officer now owns 1,978 shares of the company’s stock, valued at $131,734.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Aparna Bawa sold 816 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60. Following the transaction, the chief operating officer now owns 1,978 shares in the company, valued at $131,734.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Velchamy Sankarlingam sold 1,553 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total transaction of $108,710.00. Following the transaction, the insider now owns 71,956 shares in the company, valued at approximately $5,036,920. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,224 shares of company stock valued at $5,872,091. 11.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of research analyst reports. Piper Sandler boosted their price objective on Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Mizuho dropped their price target on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. BNP Paribas downgraded shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a research report on Thursday, January 18th. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price target for the company. Finally, Rosenblatt Securities upgraded shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.56.

Zoom Video Communications Profile

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.