Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,300 shares of the company’s stock after selling 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Zoom Video Communications were worth $6,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZM. QRG Capital Management Inc. increased its stake in shares of Zoom Video Communications by 128.6% in the third quarter. QRG Capital Management Inc. now owns 15,914 shares of the company’s stock worth $1,110,000 after buying an additional 8,952 shares during the last quarter. National Pension Service increased its position in shares of Zoom Video Communications by 30.1% in the 3rd quarter. National Pension Service now owns 655,227 shares of the company’s stock worth $45,696,000 after purchasing an additional 151,728 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Zoom Video Communications by 15.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after purchasing an additional 167,618 shares in the last quarter. Lansing Street Advisors bought a new position in shares of Zoom Video Communications during the third quarter worth about $321,000. Finally, Van ECK Associates Corp grew its stake in Zoom Video Communications by 1.7% in the third quarter. Van ECK Associates Corp now owns 41,984 shares of the company’s stock worth $3,045,000 after purchasing an additional 716 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Kelly Steckelberg sold 5,013 shares of Zoom Video Communications stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $59.70, for a total value of $299,276.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Velchamy Sankarlingam sold 3,614 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total transaction of $241,668.18. Following the transaction, the insider now directly owns 94,000 shares of the company’s stock, valued at approximately $6,285,780. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kelly Steckelberg sold 5,013 shares of Zoom Video Communications stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $59.70, for a total value of $299,276.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,550 shares of company stock worth $13,361,571. Corporate insiders own 10.78% of the company’s stock.

Zoom Video Communications Stock Up 2.5 %

ZM stock opened at $79.69 on Thursday. The company has a 50-day simple moving average of $70.01 and a 200 day simple moving average of $63.80. The company has a market capitalization of $24.53 billion, a P/E ratio of 28.56, a PEG ratio of 6.51 and a beta of -0.05. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $80.35.

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

Analyst Ratings Changes

Several analysts have weighed in on ZM shares. Robert W. Baird lowered their target price on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Bank of America dropped their price objective on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Piper Sandler decreased their target price on Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price target on Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price objective on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $75.32.

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.