Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. cut its stake in Zoom Video Communications, Inc. (NASDAQ:ZM) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,393 shares of the company’s stock after selling 5,091 shares during the period. Machina Capital S.A.S.’s holdings in Zoom Video Communications were worth $277,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. acquired a new stake in Zoom Video Communications in the fourth quarter worth $826,000. Jackson Creek Investment Advisors LLC increased its position in Zoom Video Communications by 10.3% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 5,435 shares of the company’s stock worth $444,000 after buying an additional 508 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of Zoom Video Communications by 10.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 6,624 shares of the company’s stock valued at $541,000 after purchasing an additional 651 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of Zoom Video Communications during the fourth quarter valued at $1,999,000. Finally, Avory & Company LLC increased its holdings in shares of Zoom Video Communications by 2.0% during the fourth quarter. Avory & Company LLC now owns 302,590 shares of the company’s stock valued at $24,694,000 after purchasing an additional 5,840 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Video Communications Trading Up 0.7 %

Shares of ZM opened at $75.98 on Monday. The business’s 50-day moving average price is $81.31 and its 200 day moving average price is $77.61. The stock has a market capitalization of $23.29 billion, a P/E ratio of 25.33, a P/E/G ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80.

Insider Buying and Selling

In other Zoom Video Communications news, CAO Shane Crehan sold 1,551 shares of Zoom Video Communications stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $131,741.94. Following the transaction, the chief accounting officer now owns 3,251 shares of the company’s stock, valued at $276,139.94. The trade was a 32.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,618 shares of Zoom Video Communications stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the transaction, the insider now directly owns 107,826 shares in the company, valued at approximately $9,158,740.44. This trade represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 374,440 shares of company stock valued at $29,935,946. 10.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a report on Tuesday, November 26th. Benchmark reissued a “buy” rating and set a $97.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Hsbc Global Res raised Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised Zoom Video Communications from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zoom Video Communications has an average rating of “Hold” and a consensus target price of $90.05.

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.