Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan Sells 118,036 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan sold 118,036 shares of Zoom Video Communications stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $79.03, for a total value of $9,328,385.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Zoom Video Communications Stock Up 1.3 %

ZM opened at $80.26 on Thursday. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The business has a 50 day moving average of $83.05 and a 200-day moving average of $71.39. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 4.97 and a beta of -0.01.

Analyst Ratings Changes

ZM has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Zoom Video Communications from $70.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. UBS Group upped their target price on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Barclays lifted their price target on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Hsbc Global Res raised Zoom Video Communications to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, Benchmark boosted their target price on Zoom Video Communications from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $87.81.

Institutional Investors Weigh In On Zoom Video Communications

Large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in Zoom Video Communications in the 3rd quarter valued at about $37,000. Allworth Financial LP grew its position in shares of Zoom Video Communications by 43.8% in the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Zoom Video Communications by 56.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock worth $53,000 after purchasing an additional 274 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Zoom Video Communications by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $63,000 after acquiring an additional 164 shares during the period. Finally, True Wealth Design LLC boosted its stake in shares of Zoom Video Communications by 10,763.6% in the third quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock valued at $83,000 after buying an additional 1,184 shares during the period. Institutional investors 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.