Cwm LLC Has $159,000 Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Cwm LLC trimmed its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 25.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,210 shares of the company’s stock after selling 765 shares during the quarter. Cwm LLC’s holdings in Zoom Video Communications were worth $159,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ZM. Xponance Inc. grew its holdings in shares of Zoom Video Communications by 2.0% during the fourth quarter. Xponance Inc. now owns 9,279 shares of the company’s stock worth $667,000 after buying an additional 179 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Zoom Video Communications by 3.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,528 shares of the company’s stock valued at $457,000 after purchasing an additional 200 shares during the last quarter. Amalgamated Bank lifted its position in shares of Zoom Video Communications by 0.8% in the third quarter. Amalgamated Bank now owns 24,850 shares of the company’s stock worth $1,738,000 after purchasing an additional 205 shares in the last quarter. Excalibur Management Corp boosted its holdings in Zoom Video Communications by 6.8% during the third quarter. Excalibur Management Corp now owns 4,083 shares of the company’s stock worth $286,000 after purchasing an additional 259 shares during the last quarter. Finally, Allworth Financial LP grew its position in Zoom Video Communications by 101.4% in the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock valued at $39,000 after purchasing an additional 282 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CAO Shane Crehan sold 1,931 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $135,170.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $61.42, for a total value of $307,529.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Shane Crehan sold 1,931 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total value of $135,170.00. The disclosure for this sale can be found here. Insiders have sold 95,810 shares of company stock valued at $6,025,427 over the last three months. 11.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Wedbush reaffirmed a “neutral” rating and set a $80.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Mizuho cut their price objective on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They set a “hold” rating and a $70.00 target price on the stock. Finally, Piper Sandler increased their price target on shares of Zoom Video Communications from $69.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Zoom Video Communications has a consensus rating of “Hold” and a consensus target price of $77.56.

Zoom Video Communications Trading Down 1.6 %

NASDAQ:ZM opened at $61.82 on Monday. The stock has a 50 day simple moving average of $64.58 and a 200 day simple moving average of $65.74. Zoom Video Communications, Inc. has a 1-year low of $58.87 and a 1-year high of $75.90. The stock has a market cap of $19.01 billion, a P/E ratio of 30.30 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, sell-side analysts forecast that Zoom Video Communications, Inc. will post 2.15 EPS for the current year.

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.