Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 9.8% in the 3rd quarter, Holdings Channel reports. The fund owned 1,448,700 shares of the company’s stock after buying an additional 128,800 shares during the period. Two Sigma Advisers LP’s holdings in Zoom Video Communications were worth $101,032,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZM. Innealta Capital LLC acquired a new stake in Zoom Video Communications in the second quarter worth about $33,000. Truvestments Capital LLC bought a new position in shares of Zoom Video Communications in the third quarter valued at approximately $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zoom Video Communications during the second quarter valued at approximately $41,000. Allworth Financial LP lifted its position in Zoom Video Communications by 43.8% in the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after purchasing an additional 180 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Zoom Video Communications by 56.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CAO Shane Crehan sold 1,550 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total value of $103,648.50. Following the sale, the chief accounting officer now directly owns 1,463 shares in the company, valued at $97,830.81. This trade represents a 51.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric S. Yuan sold 178,571 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 354,907 shares of company stock valued at $25,961,607. Corporate insiders own 10.78% of the company’s stock.

Analyst Ratings Changes

ZM has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Wedbush began coverage on shares of Zoom Video Communications in a research report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 price target on the stock. JMP Securities reissued a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. UBS Group boosted their target price on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein increased their price target on Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.19.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $83.36 on Friday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The company’s fifty day moving average price is $76.37 and its two-hundred day moving average price is $66.83. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 5.28 and a beta of -0.03.

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.