Zoom Video Communications, Inc. (NASDAQ:ZM) Stake Increased by Intellectus Partners LLC

Intellectus Partners LLC boosted its stake in Zoom Video Communications, Inc. (NASDAQ:ZM) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,574 shares of the company’s stock after acquiring an additional 1,790 shares during the period. Intellectus Partners LLC’s holdings in Zoom Video Communications were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ZM. Xponance Inc. increased its holdings in shares of Zoom Video Communications by 2.0% in the 4th quarter. Xponance Inc. now owns 9,279 shares of the company’s stock valued at $667,000 after acquiring an additional 179 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Zoom Video Communications by 3.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,528 shares of the company’s stock worth $457,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Zoom Video Communications by 0.8% in the 3rd quarter. Amalgamated Bank now owns 24,850 shares of the company’s stock valued at $1,738,000 after buying an additional 205 shares during the period. Excalibur Management Corp grew its position in shares of Zoom Video Communications by 6.8% during the 3rd quarter. Excalibur Management Corp now owns 4,083 shares of the company’s stock valued at $286,000 after buying an additional 259 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Zoom Video Communications by 101.4% during the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $39,000 after acquiring an additional 282 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Zoom Video Communications Stock Up 1.6 %

Shares of NASDAQ ZM opened at $62.00 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 market capitalization of $19.07 billion, a price-to-earnings ratio of 30.39 and a beta of -0.07. The stock’s fifty day simple moving average is $64.57 and its 200 day simple moving average is $65.78.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, analysts anticipate that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ZM. Rosenblatt Securities upgraded Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on shares of 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. Mizuho cut their price target on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Wedbush reissued a “neutral” rating and issued a $80.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 27th. Finally, BNP Paribas downgraded Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zoom Video Communications has an average rating of “Hold” and an average price target of $77.56.

Insider Activity

In related news, COO Aparna Bawa sold 21,968 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $60.18, for a total transaction of $1,322,034.24. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $119,036.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Velchamy Sankarlingam sold 1,553 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $108,710.00. Following the completion of the sale, the insider now directly owns 71,956 shares of the company’s stock, valued at approximately $5,036,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 21,968 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $60.18, for a total value of $1,322,034.24. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at approximately $119,036.04. The disclosure for this sale can be found here. Insiders sold 93,224 shares of company stock worth $5,872,091 over the last quarter. Corporate insiders own 11.28% of the company’s stock.

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.