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

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $75.04, for a total value of $938,000.00. Following the completion of the sale, the director now directly owns 1,514 shares in the company, valued at $113,610.56. 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 through 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 Price Performance

Shares of NASDAQ:ZM opened at $75.60 on Friday. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $76.03. The business has a fifty day moving average price of $69.63 and a 200-day moving average price of $63.39. The company has a market capitalization of $23.27 billion, a PE ratio of 27.10, a PEG ratio of 6.44 and a beta of -0.04.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ZM. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research note on Friday, October 11th. Stifel Nicolaus boosted their price objective on shares of Zoom Video Communications from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, October 10th. Piper Sandler dropped their target price on shares of Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird reduced their price target on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and a consensus target price of $75.32.

Hedge Funds Weigh In On Zoom Video Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZM. Allworth Financial LP lifted its stake in Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after acquiring an additional 180 shares during the period. Axiom Advisory LLC raised its holdings in shares of Zoom Video Communications by 1.6% during the third quarter. Axiom Advisory LLC now owns 11,712 shares of the company’s stock valued at $817,000 after purchasing an additional 183 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in Zoom Video Communications by 0.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 23,189 shares of the company’s stock valued at $1,370,000 after purchasing an additional 189 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Zoom Video Communications by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 13,411 shares of the company’s stock worth $794,000 after purchasing an additional 223 shares during the last quarter. Finally, Excalibur Management Corp grew its position in Zoom Video Communications by 5.6% in the 2nd quarter. Excalibur Management Corp now owns 4,344 shares of the company’s stock worth $257,000 after purchasing an additional 232 shares during the period. 66.54% of the stock is owned by institutional investors.

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.