Klein Pavlis & Peasley Financial Inc. Buys Shares of 11,864 Zoom Video Communications, Inc. (NASDAQ:ZM)

Klein Pavlis & Peasley Financial Inc. bought a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,864 shares of the company’s stock, valued at approximately $827,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clear Harbor Asset Management LLC purchased a new position in shares of Zoom Video Communications in the 3rd quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zoom Video Communications by 558.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 74,492 shares of the company’s stock valued at $5,195,000 after buying an additional 63,181 shares during the period. PFG Investments LLC acquired a new stake in shares of Zoom Video Communications in the 3rd quarter valued at approximately $228,000. Arkadios Wealth Advisors lifted its holdings in shares of Zoom Video Communications by 9.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 29,211 shares of the company’s stock valued at $2,037,000 after buying an additional 2,497 shares during the period. Finally, Forsta AP Fonden lifted its holdings in shares of Zoom Video Communications by 11.8% in the 3rd quarter. Forsta AP Fonden now owns 48,500 shares of the company’s stock valued at $3,382,000 after buying an additional 5,100 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Shane Crehan sold 1,550 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $103,648.50. Following the transaction, the chief accounting officer now owns 1,463 shares in the company, valued at approximately $97,830.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Shane Crehan sold 1,550 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $103,648.50. Following the transaction, the chief accounting officer now owns 1,463 shares in the company, valued at approximately $97,830.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric S. Yuan sold 35,722 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $71.45, for a total value of $2,552,336.90. Following the completion of the transaction, the chief executive officer now owns 57,371 shares in the company, valued at approximately $4,099,157.95. 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 worth $12,842,978 over the last quarter. 10.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on ZM shares. Bank of America reduced their price target on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Thursday, October 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Piper Sandler reduced their price objective on Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Benchmark lifted their price objective on Zoom Video Communications from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and an average target price of $75.32.

Zoom Video Communications Price Performance

Shares of ZM opened at $72.63 on Monday. The stock’s 50-day moving average is $68.49 and its two-hundred day moving average is $62.95. The stock has a market cap of $22.35 billion, a PE ratio of 26.03, a P/E/G ratio of 6.26 and a beta of -0.04. 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 company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, research analysts anticipate that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current year.

Zoom Video Communications 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.