Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa Sells 880 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 880 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $68.09, for a total transaction of $59,919.20. Following the transaction, the chief operating officer now owns 2,809 shares of the company’s stock, valued at $191,264.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $586,960.92.
• On Tuesday, July 9th, Aparna Bawa sold 11,060 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.15, for a total transaction of $632,079.00.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $67.18 on Friday. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $74.82. The firm’s 50-day simple moving average is $60.85 and its two-hundred day simple moving average is $62.25. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 5.98 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last released its 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 return on equity of 10.77% and a net margin of 19.08%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that Zoom Video Communications, Inc. will post 2.69 earnings per share for the current year.

Hedge Funds Weigh In On Zoom Video Communications

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Zoom Video Communications by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock valued at $1,683,950,000 after purchasing an additional 721,923 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of Zoom Video Communications by 4.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 6,046,234 shares of the company’s stock worth $434,785,000 after buying an additional 233,321 shares in the last quarter. AQR Capital Management LLC boosted its stake in Zoom Video Communications by 78.5% during the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after buying an additional 2,520,987 shares during the period. Pacer Advisors Inc. grew its position in Zoom Video Communications by 96.7% during the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock worth $310,566,000 after buying an additional 2,579,720 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Zoom Video Communications by 60.9% in the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after acquiring an additional 1,855,679 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZM. Bank of America decreased their target price on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Thursday, August 22nd. Rosenblatt Securities reissued a “buy” rating and set a $78.00 price objective on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Evercore ISI cut their price target on Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating on the stock in a report on Tuesday, May 21st. Finally, UBS Group upgraded Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average price target of $75.10.

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.