Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg Sells 5,007 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $59.36, for a total transaction of $297,215.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Kelly Steckelberg also recently made the following trade(s):

• On Wednesday, April 3rd, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $63.39, for a total transaction of $317,393.73.
• On Wednesday, March 20th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $66.46, for a total transaction of $332,765.22.
• On Wednesday, March 6th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $67.08, for a total transaction of $335,869.56.

Zoom Video Communications Stock Down 0.8 %

Shares of NASDAQ ZM opened at $59.45 on Friday. The stock’s fifty day simple moving average is $64.82 and its 200 day simple moving average is $65.95. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 29.14 and a beta of -0.07. Zoom Video Communications, Inc. has a 52-week low of $58.87 and a 52-week high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 analysts have issued reports on ZM shares. Jefferies Financial Group began coverage on shares of 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. BNP Paribas lowered Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a report on Thursday, January 18th. Piper Sandler raised their target price on Zoom Video Communications from $69.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Mizuho reduced their price target on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Finally, Rosenblatt Securities raised Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.56.

Institutional Investors Weigh In On Zoom Video Communications

Several hedge funds have recently modified their holdings of the stock. AlphaCrest Capital Management LLC lifted its stake in Zoom Video Communications by 17.4% in the 1st quarter. AlphaCrest Capital Management LLC now owns 3,150 shares of the company’s stock worth $369,000 after acquiring an additional 466 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Zoom Video Communications in the 1st quarter worth about $1,652,000. Panagora Asset Management Inc. lifted its stake in Zoom Video Communications by 45.5% in the 1st quarter. Panagora Asset Management Inc. now owns 10,985 shares of the company’s stock worth $1,288,000 after acquiring an additional 3,434 shares in the last quarter. Cibc World Market Inc. lifted its stake in Zoom Video Communications by 11.3% in the 1st quarter. Cibc World Market Inc. now owns 4,364 shares of the company’s stock worth $512,000 after acquiring an additional 442 shares in the last quarter. Finally, Prudential PLC purchased a new stake in Zoom Video Communications in the 1st quarter worth about $263,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

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.