Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick Sells 12,500 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total transaction of $938,000.00. Following the completion of the sale, the director now owns 1,514 shares in the company, valued at $113,610.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jonathan Chadwick also recently made the following trade(s):

• On Monday, October 14th, Jonathan Chadwick sold 12,500 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.36, for a total value of $854,500.00.

Zoom Video Communications Trading Down 0.1 %

NASDAQ ZM traded down $0.04 during mid-day trading on Thursday, hitting $74.74. The company’s stock had a trading volume of 1,722,050 shares, compared to its average volume of 3,241,319. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 6.26 and a beta of -0.04. The company’s 50 day simple moving average is $69.39 and its 200 day simple moving average is $63.21. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $75.96.

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

Institutional Trading of Zoom Video Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Zoom Video Communications by 78.5% during the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after buying an additional 2,520,987 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Zoom Video Communications by 96.7% during the 2nd quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock worth $310,566,000 after acquiring an additional 2,579,720 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Zoom Video Communications by 60.9% in the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after acquiring an additional 1,855,679 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zoom Video Communications by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,365,705 shares of the company’s stock worth $80,827,000 after acquiring an additional 264,217 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Zoom Video Communications by 20.0% during the second quarter. Primecap Management Co. CA now owns 1,280,525 shares of the company’s stock valued at $75,794,000 after purchasing an additional 213,575 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group raised Zoom Video Communications to a “hold” rating in a research note on Friday, July 26th. Robert W. Baird lowered their target price on 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. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Finally, Wedbush initiated coverage on shares of Zoom Video Communications in a research report on Thursday, October 17th. They set an “outperform” rating and a $85.00 target price for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.32.

Zoom Video Communications Company 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.