Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) COO Sells 10,520 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 10,520 shares of Zoom Video Communications stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $68.59, for a total value of $721,566.80. Following the completion of the transaction, the chief operating officer now directly owns 1,978 shares in the company, valued at $135,671.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, October 8th, Aparna Bawa sold 10,871 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.12, for a total value of $740,532.52.
• On Tuesday, September 10th, Aparna Bawa sold 831 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.29, for a total value of $55,086.99.
• On Thursday, September 5th, Aparna Bawa sold 880 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.09, for a total value of $59,919.20.
• On Thursday, July 18th, Aparna Bawa sold 10,332 shares of Zoom Video Communications stock. The stock was sold at an average price of $56.81, for a total value of $586,960.92.

Zoom Video Communications Price Performance

Shares of ZM opened at $70.20 on Friday. The company has a market cap of $21.71 billion, a P/E ratio of 26.19, a PEG ratio of 5.85 and a beta of -0.04. The stock has a fifty day moving average price of $66.66 and a 200 day moving average price of $62.59. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $74.77.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. As a group, research analysts anticipate that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZM. Innealta Capital LLC acquired a new position in Zoom Video Communications during the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Zoom Video Communications during the 2nd quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zoom Video Communications during the 2nd quarter worth $41,000. Versant Capital Management Inc boosted its position in Zoom Video Communications by 1,257.7% during the 2nd quarter. Versant Capital Management Inc now owns 964 shares of the company’s stock worth $57,000 after acquiring an additional 893 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Zoom Video Communications by 69.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $102,000 after acquiring an additional 692 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ZM shares. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Wedbush started coverage on Zoom Video Communications in a research report on Thursday. They set an “outperform” rating and a $85.00 price target on the stock. UBS Group raised Zoom Video Communications to a “hold” rating in a research report on Friday, July 26th. Benchmark boosted their price target on Zoom Video Communications from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Bank of America dropped their price objective on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.32.

Zoom Video Communications Company 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.