Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC grew its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 49,538 shares of the company’s stock after buying an additional 260 shares during the period. Hohimer Wealth Management LLC’s holdings in Zoom Video Communications were worth $3,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ZM. Comerica Bank lifted its position in shares of Zoom Video Communications by 15.6% during the first quarter. Comerica Bank now owns 4,966 shares of the company’s stock worth $325,000 after purchasing an additional 670 shares in the last quarter. Cetera Advisors LLC boosted its position in Zoom Video Communications by 52.1% in the 1st quarter. Cetera Advisors LLC now owns 6,307 shares of the company’s stock valued at $412,000 after buying an additional 2,160 shares during the last quarter. CWM LLC grew its stake in shares of Zoom Video Communications by 6.0% during the second quarter. CWM LLC now owns 8,304 shares of the company’s stock valued at $492,000 after acquiring an additional 471 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Zoom Video Communications by 2.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,311 shares of the company’s stock worth $669,000 after acquiring an additional 273 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Zoom Video Communications by 22.6% during the second quarter. Swedbank AB now owns 39,378 shares of the company’s stock worth $2,331,000 after acquiring an additional 7,252 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

NASDAQ ZM opened at $83.83 on Wednesday. The company has a market capitalization of $25.69 billion, a P/E ratio of 27.94, a PEG ratio of 5.44 and a beta of -0.03. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The company’s 50 day simple moving average is $77.02 and its 200 day simple moving average is $67.19.

Insiders Place Their Bets

In other Zoom Video Communications news, CEO Eric S. Yuan sold 83,333 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $83.50, for a total transaction of $6,958,305.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kelly Steckelberg sold 8,901 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $66.47, for a total transaction of $591,649.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,245 shares of company stock worth $32,519,509. 10.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. UBS Group increased their target price on Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein lifted their price target on shares of Zoom Video Communications from $78.00 to $89.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 26th. Wedbush started coverage on shares of Zoom Video Communications in a research note on Thursday, October 17th. They set an “outperform” rating and a $85.00 price objective on the stock. Finally, Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $115.00 in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zoom Video Communications has an average rating of “Hold” and an average target price of $85.19.

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.