Aparna Bawa Sells 21,968 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 21,968 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $60.18, for a total value of $1,322,034.24. Following the completion of the sale, the chief operating officer now owns 1,978 shares of the company’s stock, valued at $119,036.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Aparna Bawa also recently made the following trade(s):

• On Monday, March 18th, Aparna Bawa sold 816 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.60, for a total value of $54,345.60.

Zoom Video Communications Trading Up 0.2 %

ZM stock traded up $0.09 during mid-day trading on Monday, hitting $59.54. The stock had a trading volume of 2,904,695 shares, compared to its average volume of 3,326,622. Zoom Video Communications, Inc. has a 1-year low of $58.87 and a 1-year high of $75.90. The company has a fifty day moving average of $64.82 and a 200 day moving average of $65.94. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 29.41 and a beta of -0.07.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings data on Monday, February 26th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. As a group, sell-side analysts expect that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZM. Piper Sandler raised their price objective on shares of Zoom Video Communications from $69.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Rosenblatt Securities upgraded Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday. BNP Paribas downgraded Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a report on Thursday, January 18th. Mizuho dropped their price target on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Securities Inc. acquired a new stake in Zoom Video Communications in the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted its holdings in Zoom Video Communications by 269.7% during the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. AM Squared Ltd acquired a new position in shares of Zoom Video Communications in the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Zoom Video Communications in the 4th quarter worth approximately $32,000. Finally, Allworth Financial LP lifted its position in shares of Zoom Video Communications by 101.4% during the 3rd quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $39,000 after buying an additional 282 shares during the period. Institutional investors own 66.54% of the company’s stock.

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.