Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa Sells 16,099 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 16,099 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $72.59, for a total transaction of $1,168,626.41. Following the transaction, the chief operating officer now owns 1,978 shares in the company, valued at $143,583.02. The trade was a 89.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Zoom Video Communications Stock Up 0.4 %

NASDAQ ZM opened at $71.49 on Friday. The company has a market cap of $21.82 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67. The firm’s 50-day simple moving average is $75.34 and its two-hundred day simple moving average is $78.52. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Analyst Upgrades and Downgrades

ZM has been the subject of several research reports. Scotiabank reduced their target price on Zoom Video Communications from $85.00 to $75.00 and set a “sector perform” rating for the company in a research note on Monday, March 17th. UBS Group cut their target price on Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their target price on shares of Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating for the company in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company raised Zoom Video Communications from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $70.00 to $85.00 in a report on Tuesday, January 7th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.62.

Institutional Trading of Zoom Video Communications

A number of institutional investors have recently modified their holdings of the business. Global X Japan Co. Ltd. increased its position in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after buying an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Zoom Video Communications by 177.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 246 shares during the period. Avior Wealth Management LLC lifted its stake in Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Zoom Video Communications by 277.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 258 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in shares of Zoom Video Communications during the 4th quarter valued at $30,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.