Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) COO Sells 12,075 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 12,075 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $79.15, for a total transaction of $955,736.25. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at $156,558.70. This trade represents a 85.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 10th, Aparna Bawa sold 9,317 shares of Zoom Video Communications stock. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73.

Zoom Video Communications Price Performance

Shares of ZM traded down $0.82 on Thursday, reaching $79.44. 1,803,137 shares of the stock traded hands, compared to its average volume of 2,086,332. The stock’s 50-day moving average price is $83.06 and its 200-day moving average price is $71.45. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 4.97 and a beta of -0.01. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80.

Institutional Investors Weigh In On Zoom Video Communications

Several institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. lifted its holdings in shares of Zoom Video Communications by 464.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 16,374 shares of the company’s stock worth $1,336,000 after acquiring an additional 13,471 shares during the period. Aaron Wealth Advisors LLC raised its position in Zoom Video Communications by 28.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,071 shares of the company’s stock worth $414,000 after purchasing an additional 1,128 shares in the last quarter. Kera Capital Partners Inc. bought a new position in Zoom Video Communications during the fourth quarter worth about $311,000. Ameritas Advisory Services LLC boosted its holdings in Zoom Video Communications by 4.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 15,095 shares of the company’s stock valued at $1,232,000 after purchasing an additional 610 shares in the last quarter. Finally, Alhambra Investment Management LLC boosted its holdings in Zoom Video Communications by 16.8% during the fourth quarter. Alhambra Investment Management LLC now owns 9,459 shares of the company’s stock valued at $772,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Hsbc Global Res upgraded shares of Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Rosenblatt Securities restated a “buy” rating and issued a $78.00 target price on shares of Zoom Video Communications in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Zoom Video Communications in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price target on Zoom Video Communications from $72.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price objective on Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zoom Video Communications has an average rating of “Hold” and a consensus target price of $87.81.

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.