Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) Director Jonathan Chadwick sold 12,500 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $68.36, for a total transaction of $854,500.00. Following the completion of the transaction, the director now owns 1,514 shares in the company, valued at approximately $103,497.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Zoom Video Communications Price Performance
NASDAQ ZM traded up $0.51 during trading on Wednesday, reaching $68.93. The company’s stock had a trading volume of 1,954,029 shares, compared to its average volume of 3,289,664. The firm has a fifty day moving average of $66.11 and a 200 day moving average of $62.49. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $74.77. The stock has a market capitalization of $21.22 billion, a PE ratio of 24.52, a P/E/G ratio of 5.85 and a beta of -0.04.
Zoom Video Communications (NASDAQ:ZM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. Zoom Video Communications’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Research analysts expect that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.
Institutional Trading of Zoom Video Communications
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on ZM shares. Bank of America dropped their price objective on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price target on Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Benchmark boosted their price objective on Zoom Video Communications from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird cut their target price on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Zoom Video Communications presently has a consensus rating of “Hold” and an average price target of $75.05.
Check Out Our Latest Stock Report on Zoom Video Communications
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.
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