Zoom Video Communications, Inc. (NASDAQ:ZM) COO Sells $228,476.16 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) COO Aparna Bawa sold 2,404 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $95.04, for a total value of $228,476.16. Following the completion of the sale, the chief operating officer now owns 84,260 shares in the company, valued at approximately $8,008,070.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aparna Bawa also recently made the following trade(s):

• On Tuesday, May 3rd, Aparna Bawa sold 2,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $103.73, for a total value of $207,460.00.
• On Tuesday, April 19th, Aparna Bawa sold 2,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $109.92, for a total value of $219,840.00.
• On Tuesday, April 5th, Aparna Bawa sold 2,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $122.38, for a total value of $244,760.00.
• On Tuesday, March 22nd, Aparna Bawa sold 3,449 shares of Zoom Video Communications stock. The shares were sold at an average price of $118.64, for a total value of $409,189.36.

Shares of Zoom Video Communications stock traded down $0.49 during trading on Monday, hitting $89.25. 206,805 shares of the company’s stock were exchanged, compared to its average volume of 4,551,905. The business has a 50-day simple moving average of $106.09 and a 200-day simple moving average of $150.39. Zoom Video Communications, Inc. has a 52-week low of $79.03 and a 52-week high of $406.48. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 3.38 and a beta of -0.66.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last released its earnings results on Monday, February 28th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Zoom Video Communications had a net margin of 33.54% and a return on equity of 21.17%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. Sell-side analysts forecast that Zoom Video Communications, Inc. will post 1.38 EPS for the current year.

ZM has been the topic of several research analyst reports. Wolfe Research lowered Zoom Video Communications from an “outperform” rating to a “peer perform” rating and cut their target price for the company from $140.00 to $100.00 in a research report on Wednesday, March 2nd. Argus cut their target price on Zoom Video Communications from $350.00 to $170.00 in a research report on Wednesday, March 2nd. Zacks Investment Research raised Zoom Video Communications from a “sell” rating to a “hold” rating and set a $99.00 price target on the stock in a research note on Monday, May 16th. JPMorgan Chase & Co. lowered their price objective on Zoom Video Communications from $385.00 to $295.00 and set an “overweight” rating for the company in a research note on Tuesday, March 1st. Finally, Exane BNP Paribas began coverage on Zoom Video Communications in a research note on Tuesday, March 29th. They issued a “neutral” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and an average price target of $184.58.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC lifted its holdings in shares of Zoom Video Communications by 10.7% in the 3rd quarter. Profund Advisors LLC now owns 42,119 shares of the company’s stock worth $11,014,000 after acquiring an additional 4,088 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Zoom Video Communications in the 4th quarter valued at $1,002,000. Candriam Luxembourg S.C.A. grew its position in Zoom Video Communications by 8.8% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 12,838 shares of the company’s stock worth $2,361,000 after purchasing an additional 1,037 shares during the last quarter. American Century Companies Inc. grew its position in Zoom Video Communications by 95.2% during the 4th quarter. American Century Companies Inc. now owns 28,630 shares of the company’s stock worth $5,265,000 after purchasing an additional 13,963 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Zoom Video Communications by 19.5% during the 4th quarter. Handelsbanken Fonder AB now owns 133,963 shares of the company’s stock worth $24,637,000 after purchasing an additional 21,866 shares during the last quarter. 55.94% of the stock is owned by institutional investors.

About Zoom Video Communications (Get Rating)

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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