Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick Sells 25,000 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the completion of the transaction, the director now directly owns 1,514 shares in the company, valued at $121,619.62. This represents a 94.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jonathan Chadwick also recently made the following trade(s):

• On Tuesday, October 29th, Jonathan Chadwick sold 12,500 shares of Zoom Video Communications stock. The stock was sold at an average price of $75.04, for a total value of $938,000.00.

Zoom Video Communications Trading Down 1.7 %

ZM stock opened at $78.07 on Friday. The firm has a market cap of $23.93 billion, a PE ratio of 26.02, a PEG ratio of 4.97 and a beta of -0.01. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The company has a fifty day simple moving average of $83.05 and a 200 day simple moving average of $71.50.

Wall Street Analysts Forecast Growth

ZM has been the subject of a number of recent analyst reports. Scotiabank upgraded Zoom Video Communications to a “hold” rating in a research report on Tuesday, November 19th. Wedbush initiated coverage on shares of Zoom Video Communications in a report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a report on Tuesday, November 26th. Cantor Fitzgerald began coverage on shares of Zoom Video Communications in a research note on Friday. They issued a “neutral” rating and a $87.00 price objective for the company. Finally, Rosenblatt Securities reissued a “buy” rating and set a $78.00 target price on shares of Zoom Video Communications in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average price target of $87.77.

Institutional Trading of Zoom Video Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whalen Wealth Management Inc. bought a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $251,000. Avior Wealth Management LLC lifted its position in Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the last quarter. Dakota Wealth Management bought a new stake in Zoom Video Communications during the fourth quarter valued at about $849,000. Simon Quick Advisors LLC acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at about $320,000. Finally, Atomi Financial Group Inc. increased its stake in shares of Zoom Video Communications by 6.0% in the fourth quarter. Atomi Financial Group Inc. now owns 6,677 shares of the company’s stock worth $545,000 after purchasing an additional 376 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.