Menard Financial Group LLC Purchases Shares of 4,165 Zoom Video Communications, Inc. (NASDAQ:ZM)

Menard Financial Group LLC purchased a new stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,165 shares of the company’s stock, valued at approximately $247,000.

Several other large investors have also modified their holdings of the stock. Evoke Wealth LLC boosted its stake in shares of Zoom Video Communications by 3.5% during the 4th quarter. Evoke Wealth LLC now owns 5,066 shares of the company’s stock worth $364,000 after acquiring an additional 172 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in shares of Zoom Video Communications by 0.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 23,189 shares of the company’s stock worth $1,370,000 after acquiring an additional 189 shares in the last quarter. Cantor Fitzgerald L. P. boosted its stake in shares of Zoom Video Communications by 2.7% during the 4th quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company’s stock worth $544,000 after acquiring an additional 197 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Zoom Video Communications by 269.7% in the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zoom Video Communications by 2.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,311 shares of the company’s stock valued at $669,000 after purchasing an additional 273 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ZM shares. Sanford C. Bernstein reduced their target price on Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Tuesday, May 21st. Wells Fargo & Company increased their target price on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a report on Thursday, August 22nd. Benchmark restated a “buy” rating and issued a $83.00 target price on shares of Zoom Video Communications in a report on Monday, August 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $78.00 target price on shares of Zoom Video Communications in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.68.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $67.59 on Monday. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 5.84 and a beta of -0.05. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $74.77. The company’s fifty day moving average price is $61.69 and its two-hundred day moving average price is $62.32.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, sell-side analysts anticipate that Zoom Video Communications, Inc. will post 2.69 earnings per share for the current year.

Insider Activity

In other news, COO Aparna Bawa sold 11,060 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $57.15, for a total value of $632,079.00. Following the sale, the chief operating officer now directly owns 12,310 shares of the company’s stock, valued at $703,516.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zoom Video Communications news, CEO Eric S. Yuan sold 37,810 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $57.14, for a total transaction of $2,160,463.40. Following the completion of the transaction, the chief executive officer now owns 113,684 shares in the company, valued at $6,495,903.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 11,060 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $57.15, for a total transaction of $632,079.00. Following the transaction, the chief operating officer now owns 12,310 shares of the company’s stock, valued at approximately $703,516.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,014 shares of company stock valued at $7,070,162. 10.78% of the stock is owned by insiders.

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.