Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 12.7% during the third quarter, HoldingsChannel.com reports. The fund owned 3,443 shares of the company’s stock after purchasing an additional 387 shares during the quarter. Signaturefd LLC’s holdings in Zoom Video Communications were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Zoom Video Communications in the 2nd quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Zoom Video Communications during the second quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zoom Video Communications in the 2nd quarter valued at $41,000. Versant Capital Management Inc boosted its position in Zoom Video Communications by 1,257.7% during the 2nd quarter. Versant Capital Management Inc now owns 964 shares of the company’s stock worth $57,000 after acquiring an additional 893 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Zoom Video Communications by 69.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $102,000 after buying an additional 692 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $72.63 on Friday. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $74.77. The company has a market capitalization of $22.46 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 6.22 and a beta of -0.04. The business’s fifty day moving average is $68.49 and its 200 day moving average is $62.95.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric S. Yuan sold 35,722 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $71.45, for a total value of $2,552,336.90. Following the sale, the chief executive officer now owns 57,371 shares in the company, valued at $4,099,157.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Aparna Bawa sold 880 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $68.09, for a total transaction of $59,919.20. Following the completion of the transaction, the chief operating officer now owns 2,809 shares in the company, valued at $191,264.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric S. Yuan sold 35,722 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the completion of the transaction, the chief executive officer now directly owns 57,371 shares of the company’s stock, valued at approximately $4,099,157.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,477 shares of company stock valued at $12,842,978 over the last ninety days. 10.78% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZM. Robert W. Baird lowered their price objective on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Stifel Nicolaus increased their target price on Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, October 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a report on Friday, October 4th. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $75.32.

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.