Aparna Bawa Sells 21,968 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 21,968 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $60.18, for a total value of $1,322,034.24. Following the transaction, the chief operating officer now directly owns 1,978 shares in the company, valued at $119,036.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, March 18th, Aparna Bawa sold 816 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM opened at $59.54 on Tuesday. The company’s fifty day moving average is $64.72 and its two-hundred day moving average is $65.90. 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 capitalization of $18.31 billion, a price-to-earnings ratio of 29.19 and a beta of -0.07.

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

Institutional Trading of Zoom Video Communications

A number of institutional investors and hedge funds have recently made changes to their positions in ZM. Evoke Wealth LLC increased its stake in shares of Zoom Video Communications by 3.5% in the fourth quarter. Evoke Wealth LLC now owns 5,066 shares of the company’s stock valued at $364,000 after purchasing an additional 172 shares during the period. Xponance Inc. increased its position in Zoom Video Communications by 2.0% in the 4th quarter. Xponance Inc. now owns 9,279 shares of the company’s stock valued at $667,000 after acquiring an additional 179 shares during the period. Cantor Fitzgerald L. P. raised its stake in Zoom Video Communications by 2.7% during the 4th quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company’s stock valued at $544,000 after acquiring an additional 197 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Zoom Video Communications by 3.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,528 shares of the company’s stock valued at $457,000 after acquiring an additional 200 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Zoom Video Communications by 0.8% during the 3rd quarter. Amalgamated Bank now owns 24,850 shares of the company’s stock worth $1,738,000 after acquiring an additional 205 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZM shares. Mizuho decreased their target price on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. BNP Paribas lowered Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research report on Thursday, January 18th. Jefferies Financial Group started coverage on Zoom Video Communications in a report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price target for the company. Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Finally, Piper Sandler upped their target price on Zoom Video Communications from $69.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.56.

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.