Burleson & Company LLC Takes $77,000 Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Burleson & Company LLC purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 241 shares of the company’s stock, valued at approximately $77,000.

A number of other large investors also recently modified their holdings of ZM. Prime Capital Investment Advisors LLC grew its stake in shares of Zoom Video Communications by 44.6% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 639 shares of the company’s stock worth $216,000 after purchasing an additional 197 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Zoom Video Communications by 12.1% in the 4th quarter. CIBC Asset Management Inc now owns 30,590 shares of the company’s stock valued at $10,319,000 after buying an additional 3,292 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Zoom Video Communications by 142.4% in the 4th quarter. GSA Capital Partners LLP now owns 2,693 shares of the company’s stock valued at $908,000 after buying an additional 1,582 shares during the period. Steel Peak Wealth Management LLC increased its position in shares of Zoom Video Communications by 620.6% in the 4th quarter. Steel Peak Wealth Management LLC now owns 6,403 shares of the company’s stock valued at $2,160,000 after buying an additional 7,633 shares in the last quarter. Finally, Bollard Group LLC lifted its holdings in Zoom Video Communications by 11.9% during the fourth quarter. Bollard Group LLC now owns 4,700 shares of the company’s stock worth $1,585,000 after acquiring an additional 500 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

ZM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Zoom Video Communications from $385.00 to $456.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 2nd. Daiwa Capital Markets started coverage on shares of Zoom Video Communications in a research report on Wednesday, March 31st. They issued a “sell” rating and a $250.00 price objective on the stock. Royal Bank of Canada lowered their target price on Zoom Video Communications from $550.00 to $480.00 and set an “outperform” rating for the company in a report on Friday, May 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Zoom Video Communications from $360.00 to $375.00 and gave the company a “hold” rating in a research note on Wednesday, June 2nd. Finally, Morgan Stanley increased their price objective on Zoom Video Communications from $390.00 to $420.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Zoom Video Communications presently has an average rating of “Hold” and an average target price of $426.19.

In other Zoom Video Communications news, Director Kimberly Hammonds sold 189 shares of the business’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $350.00, for a total transaction of $66,150.00. Following the completion of the transaction, the director now owns 189 shares of the company’s stock, valued at $66,150. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kelly Steckelberg sold 6,700 shares of the stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $287.89, for a total transaction of $1,928,863.00. Following the completion of the transaction, the chief financial officer now directly owns 6,700 shares of the company’s stock, valued at approximately $1,928,863. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,201 shares of company stock worth $43,528,954. Insiders own 12.27% of the company’s stock.

Shares of NASDAQ:ZM opened at $346.50 on Friday. The business’s 50 day moving average is $321.51. Zoom Video Communications, Inc. has a 1 year low of $216.75 and a 1 year high of $588.84. The firm has a market capitalization of $101.77 billion, a P/E ratio of 154.00, a P/E/G ratio of 10.01 and a beta of -1.49.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Monday, May 31st. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.33. The company had revenue of $956.24 million for the quarter, compared to analyst estimates of $908.17 million. Zoom Video Communications had a return on equity of 37.79% and a net margin of 25.34%. Zoom Video Communications’s quarterly revenue was up 191.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. On average, equities analysts expect that Zoom Video Communications, Inc. will post 2.22 EPS for the current fiscal year.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first 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 that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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