Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Kelly Steckelberg sold 8,901 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $66.47, for a total value of $591,649.47. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kelly Steckelberg also recently made the following trade(s):
- On Wednesday, September 4th, Kelly Steckelberg sold 8,901 shares of Zoom Video Communications stock. The stock was sold at an average price of $68.44, for a total value of $609,184.44.
- On Wednesday, August 21st, Kelly Steckelberg sold 5,013 shares of Zoom Video Communications stock. The stock was sold at an average price of $59.70, for a total value of $299,276.10.
- On Wednesday, August 7th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $56.64, for a total value of $283,596.48.
- On Wednesday, July 24th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $58.64, for a total value of $293,610.48.
- On Tuesday, July 9th, Kelly Steckelberg sold 14,397 shares of Zoom Video Communications stock. The shares were sold at an average price of $57.15, for a total transaction of $822,788.55.
- On Wednesday, June 26th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.59, for a total transaction of $288,353.13.
Zoom Video Communications Stock Performance
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Zoom Video Communications stock opened at $67.53 on Friday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $74.77. The company has a market cap of $20.89 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 5.83 and a beta of -0.05. The business has a fifty day moving average of $62.72 and a two-hundred day moving average of $62.32.
Zoom Video Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. Zoom Video Communications's revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that Zoom Video Communications, Inc. will post 2.74 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $83.00 price target on shares of Zoom Video Communications in a research report on Monday, August 5th. Needham & Company LLC restated a "hold" rating on shares of Zoom Video Communications in a report on Thursday, August 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $78.00 target price on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Piper Sandler cut their price target on Zoom Video Communications from $72.00 to $68.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Finally, UBS Group raised Zoom Video Communications to a "hold" rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Zoom Video Communications has a consensus rating of "Hold" and a consensus price target of $74.68.
View Our Latest Research Report on Zoom Video Communications
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Zoom Video Communications in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its position in shares of Zoom Video Communications by 269.7% in the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company's stock valued at $26,000 after purchasing an additional 267 shares during the period. Frazier Financial Advisors LLC acquired a new position in Zoom Video Communications in the fourth quarter valued at $32,000. Innealta Capital LLC purchased a new position in Zoom Video Communications during the second quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Zoom Video Communications in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 66.54% of the company's stock.
About Zoom Video Communications
(
Get Free Report)
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.
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