Knowledge Leaders Capital LLC Trims Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Knowledge Leaders Capital LLC trimmed its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,026 shares of the company’s stock after selling 258 shares during the period. Knowledge Leaders Capital LLC’s holdings in Zoom Video Communications were worth $577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. increased its stake in shares of Zoom Video Communications by 2.0% during the 4th quarter. Xponance Inc. now owns 9,279 shares of the company’s stock valued at $667,000 after acquiring an additional 179 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Zoom Video Communications by 3.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,528 shares of the company’s stock valued at $457,000 after acquiring an additional 200 shares during the last quarter. Amalgamated Bank increased its stake in shares of Zoom Video Communications by 0.8% during the 3rd quarter. Amalgamated Bank now owns 24,850 shares of the company’s stock valued at $1,738,000 after acquiring an additional 205 shares during the last quarter. Excalibur Management Corp increased its stake in shares of Zoom Video Communications by 6.8% during the 3rd quarter. Excalibur Management Corp now owns 4,083 shares of the company’s stock valued at $286,000 after acquiring an additional 259 shares during the last quarter. Finally, Allworth Financial LP increased its stake 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 valued at $39,000 after acquiring an additional 282 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 1,553 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $108,710.00. Following the transaction, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zoom Video Communications news, CEO Eric S. Yuan sold 2,421 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $63.69, for a total value of $154,193.49. Following the sale, the chief executive officer now directly owns 90,001 shares of the company’s stock, valued at $5,732,163.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Velchamy Sankarlingam sold 1,553 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total value of $108,710.00. Following the completion of the sale, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The disclosure for this sale can be found here. In the last three months, insiders sold 93,224 shares of company stock worth $5,872,091. 11.28% of the stock is currently owned by insiders.

Zoom Video Communications Stock Up 1.6 %

Shares of Zoom Video Communications stock traded up $0.96 on Friday, hitting $62.00. 2,801,169 shares of the company’s stock traded hands, compared to its average volume of 2,752,088. The stock has a market cap of $19.07 billion, a P/E ratio of 30.39 and a beta of -0.07. The firm’s 50-day moving average is $64.57 and its 200 day moving average is $65.78. Zoom Video Communications, Inc. has a 52-week low of $58.87 and a 52-week high of $75.90.

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

Wall Street Analyst Weigh In

ZM has been the subject of a number of research analyst reports. Rosenblatt Securities raised shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, April 18th. Mizuho dropped their target price on shares of 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. BNP Paribas downgraded shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research report on Thursday, January 18th. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They set a “hold” rating and a $70.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.56.

Zoom Video Communications 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.