Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan Sells 2,420 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan sold 2,420 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $68.38, for a total value of $165,479.60. Following the completion of the transaction, the chief executive officer now directly owns 85,514 shares in the company, valued at approximately $5,847,447.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zoom Video Communications Stock Down 0.1 %

NASDAQ:ZM opened at $67.18 on Friday. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $74.82. The stock’s 50-day simple moving average is $60.85 and its 200 day simple moving average is $62.25. The firm has a market capitalization of $20.68 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 5.98 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, analysts anticipate that Zoom Video Communications, Inc. will post 2.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZM. Principal Securities Inc. acquired a new position in Zoom Video Communications in the 4th quarter worth about $25,000. Quadrant Capital Group LLC increased its holdings in Zoom Video Communications by 269.7% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Zoom Video Communications in the 4th quarter worth about $32,000. Innealta Capital LLC acquired a new position in Zoom Video Communications in the 2nd quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Zoom Video Communications in the 2nd quarter worth about $36,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on ZM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Thursday, August 22nd. Bank of America decreased their price target on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, May 21st. Evercore ISI decreased their target price on shares of Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating on the stock in a research report on Tuesday, May 21st. Finally, Stifel Nicolaus lowered their target price on shares of Zoom Video Communications from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Zoom Video Communications currently has an average rating of “Hold” and a consensus price target of $75.10.

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.