GW Henssler & Associates Ltd. Makes New Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

GW Henssler & Associates Ltd. acquired a new stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,914 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also modified their holdings of ZM. Innealta Capital LLC purchased a new stake in Zoom Video Communications during the second quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Zoom Video Communications during the 2nd quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zoom Video Communications during the 2nd quarter valued at about $41,000. Allworth Financial LP increased its stake in shares of Zoom Video Communications by 43.8% in the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Zoom Video Communications by 1,257.7% during the second 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. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In other Zoom Video Communications news, CEO Eric S. Yuan sold 2,420 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $56.12, for a total transaction of $135,810.40. Following the completion of the transaction, the chief executive officer now owns 90,354 shares of the company’s stock, valued at $5,070,666.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $56.64, for a total value of $283,596.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric S. Yuan sold 2,420 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $56.12, for a total transaction of $135,810.40. Following the completion of the transaction, the chief executive officer now owns 90,354 shares of the company’s stock, valued at approximately $5,070,666.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 188,477 shares of company stock valued at $12,842,978 in the last quarter. Insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the subject of several research analyst reports. Bank of America reduced their target price on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of Zoom Video Communications from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Finally, Piper Sandler lowered their price objective on 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, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and an average price target of $75.32.

Zoom Video Communications Trading Up 2.2 %

Zoom Video Communications stock opened at $75.50 on Wednesday. The company has a 50-day moving average price of $69.10 and a 200 day moving average price of $63.13. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $75.96. The stock has a market cap of $23.24 billion, a P/E ratio of 28.17, a PEG ratio of 6.26 and a beta of -0.04.

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

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.