M Holdings Securities Inc. Sells 390 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

M Holdings Securities Inc. reduced its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,668 shares of the company’s stock after selling 390 shares during the period. M Holdings Securities Inc.’s holdings in Zoom Video Communications were worth $344,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ZM. SeaCrest Wealth Management LLC purchased a new stake in Zoom Video Communications during the 2nd quarter valued at about $26,000. Ronald Blue Trust Inc. purchased a new stake in shares of Zoom Video Communications during the second quarter valued at approximately $27,000. Wagner Wealth Management LLC bought a new position in shares of Zoom Video Communications in the second quarter worth approximately $32,000. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Zoom Video Communications by 63.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. Finally, TCI Wealth Advisors Inc. raised its position in Zoom Video Communications by 57.9% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 529 shares of the company’s stock valued at $39,000 after purchasing an additional 194 shares during the last quarter. 52.96% of the stock is owned by hedge funds and other institutional investors.

Zoom Video Communications Price Performance

NASDAQ ZM opened at $71.03 on Thursday. Zoom Video Communications, Inc. has a 1-year low of $63.55 and a 1-year high of $127.37. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 221.98, a PEG ratio of 3.83 and a beta of -0.21. The business’s fifty day moving average price is $72.74 and its 200-day moving average price is $75.03.

Insider Buying and Selling at Zoom Video Communications

In other news, CFO Kelly Steckelberg sold 3,224 shares of the stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $65.18, for a total value of $210,140.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kelly Steckelberg sold 3,224 shares of the company’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $65.18, for a total transaction of $210,140.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Aparna Bawa sold 14,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $70.93, for a total transaction of $993,020.00. Following the transaction, the chief operating officer now directly owns 76,777 shares of the company’s stock, valued at $5,445,792.61. The disclosure for this sale can be found here. Insiders have sold 55,138 shares of company stock valued at $3,887,382 over the last 90 days. 11.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ZM. Roth Capital reissued a “neutral” rating on shares of Zoom Video Communications in a research note on Wednesday, February 8th. Evercore ISI dropped their price target on Zoom Video Communications from $95.00 to $85.00 in a research report on Tuesday, November 22nd. Wells Fargo & Company reduced their price target on Zoom Video Communications from $95.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 22nd. Piper Sandler raised their price objective on Zoom Video Communications from $75.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, February 28th. Finally, Moffett Nathanson reduced their target price on shares of Zoom Video Communications from $85.00 to $80.00 and set an “underperform” rating on the stock in a research report on Tuesday, November 22nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $93.40.

About Zoom Video Communications

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Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.