Zoom Communications, Inc. (NASDAQ:ZM – Get Free Report) Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $90.39, for a total transaction of $223,715.25. Following the sale, the director owned 155,917 shares of the company’s stock, valued at approximately $14,093,337.63. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Santiago Subotovsky also recently made the following trade(s):
- On Monday, January 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $86.01, for a total transaction of $212,874.75.
- On Thursday, December 4th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $86.05, for a total transaction of $212,973.75.
Zoom Communications Stock Performance
NASDAQ ZM opened at $95.39 on Tuesday. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The company has a fifty day moving average of $87.57 and a 200-day moving average of $83.04. The company has a market capitalization of $28.24 billion, a P/E ratio of 18.56, a P/E/G ratio of 8.26 and a beta of 0.90.
Institutional Investors Weigh In On Zoom Communications
Several institutional investors and hedge funds have recently bought and sold shares of ZM. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the fourth quarter valued at approximately $28,000. Elevation Point Wealth Partners LLC purchased a new position in Zoom Communications during the 2nd quarter valued at $27,000. FNY Investment Advisers LLC bought a new position in Zoom Communications in the 2nd quarter worth $31,000. Root Financial Partners LLC purchased a new stake in shares of Zoom Communications in the 3rd quarter worth about $33,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on ZM. Wall Street Zen downgraded shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. UBS Group began coverage on shares of Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday, December 29th. Piper Sandler raised their price objective on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.74.
Get Our Latest Research Report on Zoom Communications
Zoom Communications Company Profile
Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.
Founded in 2011 by Eric S.
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