Santiago Subotovsky Sells 2,475 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZMGet Free Report) Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $80.67, for a total transaction of $199,658.25. Following the transaction, the director now owns 155,349 shares in the company, valued at approximately $12,532,003.83. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Santiago Subotovsky also recently made the following trade(s):

  • On Monday, May 5th, Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock. The stock was sold at an average price of $78.82, for a total transaction of $195,079.50.
  • On Thursday, April 24th, Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock. The stock was sold at an average price of $75.43, for a total transaction of $186,689.25.
  • On Monday, March 24th, Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock. The stock was sold at an average price of $77.86, for a total transaction of $192,703.50.

Zoom Video Communications Stock Down 1.2%

Shares of Zoom Video Communications stock opened at $80.35 on Friday. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The firm’s 50-day moving average price is $76.82 and its two-hundred day moving average price is $79.65.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Zoom Video Communications had a net margin of 20.34% and a return on equity of 10.98%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. On average, sell-side analysts expect that Zoom Video Communications, Inc. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ZM shares. Wall Street Zen lowered shares of Zoom Video Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citigroup dropped their price target on shares of Zoom Video Communications from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, May 15th. Bank of America upped their price target on shares of Zoom Video Communications from $79.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price objective on shares of Zoom Video Communications from $79.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $87.00.

View Our Latest Analysis on Zoom Video Communications

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Zoom Video Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock worth $1,829,249,000 after acquiring an additional 624,863 shares during the last quarter. FMR LLC lifted its holdings in shares of Zoom Video Communications by 2.3% in the fourth quarter. FMR LLC now owns 12,727,532 shares of the company’s stock worth $1,038,694,000 after acquiring an additional 282,645 shares during the last quarter. Norges Bank bought a new position in shares of Zoom Video Communications in the fourth quarter worth about $751,908,000. AQR Capital Management LLC lifted its holdings in shares of Zoom Video Communications by 5.2% in the fourth quarter. AQR Capital Management LLC now owns 7,538,744 shares of the company’s stock worth $615,237,000 after acquiring an additional 373,509 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Zoom Video Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock worth $473,732,000 after acquiring an additional 36,210 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

About Zoom Video Communications

(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.

Read More

Insider Buying and Selling by Quarter for Zoom Video Communications (NASDAQ:ZM)

Receive News & Ratings for Zoom Video Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Video Communications and related companies with MarketBeat.com's FREE daily email newsletter.