Aparna Bawa Sells 12,075 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 12,075 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $79.15, for a total value of $955,736.25. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $156,558.70. This represents a 85.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Aparna Bawa also recently made the following trade(s):

• On Friday, January 10th, Aparna Bawa sold 9,317 shares of Zoom Video Communications stock. The stock was sold at an average price of $78.69, for a total value of $733,154.73.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM opened at $78.07 on Friday. The company has a market cap of $23.93 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 4.97 and a beta of -0.01. The company has a 50-day simple moving average of $83.05 and a 200-day simple moving average of $71.50. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80.

Analyst Ratings Changes

ZM has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $70.00 to $85.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group increased their price target on shares of Zoom Video Communications from $72.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Sanford C. Bernstein boosted their price objective on shares of Zoom Video Communications from $78.00 to $89.00 and gave the stock a “market perform” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley increased their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average target price of $87.77.

Institutional Trading of Zoom Video Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Choreo LLC purchased a new stake in Zoom Video Communications in the 2nd quarter valued at about $200,000. American Century Companies Inc. boosted its position in shares of Zoom Video Communications by 8.8% in the second quarter. American Century Companies Inc. now owns 69,491 shares of the company’s stock worth $4,113,000 after acquiring an additional 5,598 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Zoom Video Communications by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,365,705 shares of the company’s stock valued at $80,827,000 after purchasing an additional 264,217 shares during the period. Primecap Management Co. CA increased its position in 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 worth $75,794,000 after purchasing an additional 213,575 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Zoom Video Communications during the second quarter worth approximately $1,050,000. 66.54% of the stock is owned by hedge funds and other 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.