Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) CAO Shane Crehan sold 1,776 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $69.51, for a total transaction of $123,449.76. Following the completion of the transaction, the chief accounting officer now owns 1,789 shares in the company, valued at approximately $124,353.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shane Crehan also recently made the following trade(s):
- On Monday, October 7th, Shane Crehan sold 2,478 shares of Zoom Video Communications stock. The shares were sold at an average price of $69.09, for a total transaction of $171,205.02.
- On Tuesday, September 10th, Shane Crehan sold 1,550 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.87, for a total transaction of $103,648.50.
Zoom Video Communications Stock Performance
Shares of ZM stock opened at $70.68 on Friday. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 6.11 and a beta of -0.04. The company has a 50-day simple moving average of $65.62 and a two-hundred day simple moving average of $62.51. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $74.77.
Institutional Trading of Zoom Video Communications
Institutional investors have recently modified their holdings of the business. Innealta Capital LLC purchased a new stake in shares of Zoom Video Communications during the 2nd quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Zoom Video Communications during the 2nd quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $41,000. Versant Capital Management Inc lifted its stake in Zoom Video Communications by 1,257.7% in the 2nd quarter. Versant Capital Management Inc now owns 964 shares of the company’s stock worth $57,000 after purchasing an additional 893 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Zoom Video Communications by 69.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $102,000 after purchasing an additional 692 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on ZM shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Benchmark upped their price objective on shares of Zoom Video Communications from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Bank of America dropped their price objective on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. UBS Group upgraded shares of Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Finally, Piper Sandler dropped their price objective on shares of Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.05.
View Our Latest Stock Report on Zoom Video Communications
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.
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