Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Sells $321,084.03 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan sold 5,099 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.97, for a total value of $321,084.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shane Crehan also recently made the following trade(s):

• On Tuesday, March 12th, Shane Crehan sold 1,931 shares of Zoom Video Communications stock. The shares were sold at an average price of $70.00, for a total value of $135,170.00.
• On Thursday, January 11th, Shane Crehan sold 4,480 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.34, for a total value of $306,163.20.

Zoom Video Communications Stock Up 0.5 %

Shares of NASDAQ:ZM opened at $62.52 on Friday. The company has a market cap of $19.23 billion, a P/E ratio of 30.65 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. The company has a 50-day moving average price of $65.33 and a 200 day moving average price of $66.32.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Analysts expect that Zoom Video Communications, Inc. will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZM. Principal Securities Inc. purchased a new position in shares of Zoom Video Communications during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC increased its stake in shares of Zoom Video Communications by 269.7% during the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. AM Squared Ltd purchased a new position in shares of Zoom Video Communications during the 3rd quarter worth approximately $28,000. LM Advisors LLC purchased a new position in shares of Zoom Video Communications during the 4th quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Zoom Video Communications during the 4th quarter worth approximately $32,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BNP Paribas lowered Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a report on Thursday, January 18th. Mizuho decreased their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Wells Fargo & Company downgraded shares of Zoom Video Communications from an “equal weight” rating to an “underweight” rating and set a $70.00 price objective for the company. in a research note on Wednesday, December 20th. JPMorgan Chase & Co. decreased 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. Finally, Wedbush restated a “neutral” rating and issued a $80.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Zoom Video Communications currently has an average rating of “Hold” and an average price target of $77.56.

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.