Kelly Steckelberg Sells 8,901 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg sold 8,901 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $66.47, for a total transaction of $591,649.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Kelly Steckelberg also recently made the following trade(s):

• On Wednesday, September 4th, Kelly Steckelberg sold 8,901 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.44, for a total transaction of $609,184.44.
• On Wednesday, August 21st, Kelly Steckelberg sold 5,013 shares of Zoom Video Communications stock. The stock was sold at an average price of $59.70, for a total value of $299,276.10.
• On Wednesday, August 7th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $56.64, for a total value of $283,596.48.
• On Wednesday, July 24th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $58.64, for a total value of $293,610.48.
• On Tuesday, July 9th, Kelly Steckelberg sold 14,397 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.15, for a total value of $822,788.55.
• On Wednesday, June 26th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $57.59, for a total transaction of $288,353.13.

Zoom Video Communications Trading Up 0.9 %

NASDAQ:ZM opened at $67.53 on Friday. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $74.77. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 5.83 and a beta of -0.05. The firm’s fifty day simple moving average is $62.72 and its 200 day simple moving average is $62.29.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ZM shares. Piper Sandler cut their price objective on shares of Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a report on Thursday, August 22nd. Bank of America decreased their price objective on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. UBS Group raised Zoom Video Communications to a “hold” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.68.

Institutional Trading of Zoom Video Communications

Large investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Zoom Video Communications during the fourth quarter worth $25,000. Quadrant Capital Group LLC grew its holdings in Zoom Video Communications by 269.7% during the 4th 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. Frazier Financial Advisors LLC purchased a new stake in Zoom Video Communications during the 4th quarter worth $32,000. Innealta Capital LLC acquired a new position in Zoom Video Communications in the 2nd quarter worth $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Zoom Video Communications in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds 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.