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

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 21,968 shares of Zoom Video Communications stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $60.18, for a total transaction of $1,322,034.24. Following the transaction, the chief operating officer now directly owns 1,978 shares in the company, valued at $119,036.04. The sale was disclosed in a legal 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 Stock Up 0.2 %

NASDAQ ZM opened at $59.54 on Tuesday. Zoom Video Communications, Inc. has a 52 week low of $58.87 and a 52 week high of $75.90. The firm has a 50 day moving average of $64.72 and a two-hundred day moving average of $65.90. The stock has a market capitalization of $18.31 billion, a PE ratio of 29.19 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. On average, equities research analysts expect that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZM has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. BNP Paribas cut Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research note on Thursday, January 18th. Mizuho lowered 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. Wedbush reiterated a “neutral” rating and issued a $80.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 27th. Finally, Rosenblatt Securities upgraded Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.56.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in shares of Zoom Video Communications by 12.8% in the 3rd quarter. International Assets Investment Management LLC now owns 9,906 shares of the company’s stock valued at $667,000 after buying an additional 1,126 shares during the last quarter. CWM LLC grew its holdings in shares of Zoom Video Communications by 96.2% during the third quarter. CWM LLC now owns 2,975 shares of the company’s stock worth $208,000 after purchasing an additional 1,459 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Zoom Video Communications during the third quarter worth about $219,000. DnB Asset Management AS increased its position in shares of Zoom Video Communications by 52.0% during the third quarter. DnB Asset Management AS now owns 60,812 shares of the company’s stock worth $4,253,000 after purchasing an additional 20,801 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in shares of Zoom Video Communications in the 3rd quarter valued at about $204,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Zoom Video Communications

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.