Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Sells $1,733,146.74 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan sold 27,963 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total value of $1,733,146.74. Following the transaction, the chief executive officer now owns 95,140 shares of the company’s stock, valued at $5,896,777.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zoom Video Communications Stock Performance

Shares of Zoom Video Communications stock opened at $61.63 on Monday. Zoom Video Communications, Inc. has a 52 week low of $58.87 and a 52 week high of $75.90. The stock has a 50 day moving average price of $65.28 and a two-hundred day moving average price of $66.25. The stock has a market capitalization of $18.95 billion, a PE ratio of 30.21 and a beta of -0.07.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Research analysts forecast that Zoom Video Communications, Inc. will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZM. Principal Securities Inc. bought a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its holdings 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 in the last quarter. AM Squared Ltd bought a new position in shares of Zoom Video Communications in the third quarter valued at approximately $28,000. LM Advisors LLC bought a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $32,000. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ZM shares. Piper Sandler raised their price objective on Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. BNP Paribas downgraded Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research report on Thursday, January 18th. Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered their price objective on Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, Jefferies Financial Group began coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They set a “hold” rating and a $70.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.56.

Zoom Video Communications Company 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.