Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric S. Yuan sold 41,121 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $72.18, for a total value of $2,968,113.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Zoom Video Communications Stock Performance
Zoom Video Communications stock opened at $71.20 on Thursday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The company has a market cap of $21.73 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67. The business has a fifty day moving average of $75.90 and a two-hundred day moving average of $78.42.
Analysts Set New Price Targets
A number of brokerages have commented on ZM. Needham & Company LLC reissued a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Zoom Video Communications in a report on Wednesday, March 19th. Citigroup decreased their price target on Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. 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 research report on Tuesday, February 25th. Finally, Jefferies Financial Group raised Zoom Video Communications from a "hold" rating to a "buy" rating and upped their price target for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zoom Video Communications currently has an average rating of "Hold" and a consensus price target of $86.62.
View Our Latest Research Report on Zoom Video Communications
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZM. Norges Bank purchased a new stake in shares of Zoom Video Communications during the 4th quarter worth approximately $751,908,000. Altshuler Shaham Ltd raised its holdings in Zoom Video Communications by 285.9% during the fourth quarter. Altshuler Shaham Ltd now owns 2,056,277 shares of the company's stock worth $167,813,000 after purchasing an additional 1,523,480 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Zoom Video Communications by 24.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,385,523 shares of the company's stock worth $521,123,000 after purchasing an additional 1,247,717 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Zoom Video Communications in the fourth quarter valued at $99,471,000. Finally, Contrarius Group Holdings Ltd purchased a new position in shares of Zoom Video Communications in the fourth quarter valued at $72,854,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.
Zoom Video Communications Company Profile
(
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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