Harrington Investments INC lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,636 shares of the company’s stock after acquiring an additional 2,832 shares during the quarter. Harrington Investments INC’s holdings in Zoom Video Communications were worth $924,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Credit Suisse AG raised its position in shares of Zoom Video Communications by 13.4% during the second quarter. Credit Suisse AG now owns 425,676 shares of the company’s stock worth $45,960,000 after acquiring an additional 50,392 shares during the last quarter. WealthPlan Investment Management LLC bought a new stake in Zoom Video Communications in the third quarter valued at about $306,000. Seven Eight Capital LP bought a new stake in Zoom Video Communications in the third quarter valued at about $940,000. Integrated Advisors Network LLC bought a new stake in Zoom Video Communications in the second quarter valued at about $288,000. Finally, D.A. Davidson & CO. increased its holdings in Zoom Video Communications by 10.1% in the third quarter. D.A. Davidson & CO. now owns 11,951 shares of the company’s stock valued at $879,000 after purchasing an additional 1,094 shares during the last quarter. Institutional investors own 52.96% of the company’s stock.
Zoom Video Communications Stock Performance
NASDAQ ZM traded down $1.40 during trading hours on Friday, hitting $69.19. 3,763,431 shares of the company traded hands, compared to its average volume of 4,613,487. The business’s 50-day moving average is $72.83 and its 200-day moving average is $74.87. Zoom Video Communications, Inc. has a twelve month low of $63.55 and a twelve month high of $127.37. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 216.23, a P/E/G ratio of 4.03 and a beta of -0.21.
Analysts Set New Price Targets
Insider Activity at Zoom Video Communications
In related news, CFO Kelly Steckelberg sold 3,224 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $65.18, for a total transaction of $210,140.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zoom Video Communications news, COO Aparna Bawa sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $69.23, for a total value of $484,610.00. Following the sale, the chief operating officer now owns 63,639 shares in the company, valued at $4,405,727.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kelly Steckelberg sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $65.18, for a total value of $210,140.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,138 shares of company stock valued at $3,887,382. Insiders own 11.24% of the company’s stock.
Zoom Video Communications Company Profile
Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.
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