Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) CFO Kelly Steckelberg sold 8,901 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $67.79, for a total transaction of $603,398.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Kelly Steckelberg also recently made the following trade(s):
- On Wednesday, September 18th, Kelly Steckelberg sold 8,901 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.47, for a total transaction of $591,649.47.
- On Wednesday, September 4th, Kelly Steckelberg sold 8,901 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.44, for a total transaction of $609,184.44.
- On Wednesday, August 21st, Kelly Steckelberg sold 5,013 shares of Zoom Video Communications stock. The shares were sold at an average price of $59.70, for a total transaction of $299,276.10.
- On Wednesday, August 7th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $56.64, for a total transaction of $283,596.48.
- On Wednesday, July 24th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $58.64, for a total transaction of $293,610.48.
- On Tuesday, July 9th, Kelly Steckelberg sold 14,397 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.15, for a total transaction of $822,788.55.
Zoom Video Communications Price Performance
Shares of NASDAQ ZM opened at $68.66 on Friday. The company’s 50 day simple moving average is $64.64 and its 200 day simple moving average is $62.37. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $74.77. The firm has a market capitalization of $21.23 billion, a P/E ratio of 25.62, a P/E/G ratio of 5.83 and a beta of -0.04.
Institutional Investors Weigh In On Zoom Video Communications
Several hedge funds have recently bought and sold shares of ZM. Corient Private Wealth LLC raised its holdings in Zoom Video Communications by 12.2% in the fourth quarter. Corient Private Wealth LLC now owns 7,166 shares of the company’s stock worth $515,000 after purchasing an additional 777 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Zoom Video Communications by 20.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,819 shares of the company’s stock worth $203,000 after acquiring an additional 477 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Zoom Video Communications during the fourth quarter worth $1,969,000. Pinebridge Investments L.P. increased its position in shares of Zoom Video Communications by 76.6% during the fourth quarter. Pinebridge Investments L.P. now owns 113,702 shares of the company’s stock worth $8,176,000 after acquiring an additional 49,319 shares in the last quarter. Finally, Vinva Investment Management Ltd bought a new stake in shares of Zoom Video Communications during the fourth quarter worth $286,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, June 14th. Benchmark reaffirmed a “buy” rating and set a $83.00 price objective on shares of Zoom Video Communications in a research note on Monday, August 5th. Robert W. Baird decreased their price objective on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Finally, Bank of America decreased their price target on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.68.
Check Out Our Latest Analysis on Zoom Video Communications
About Zoom Video Communications
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.
Further Reading
- Five stocks we like better than Zoom Video Communications
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- MarketBeat Week in Review – 9/30 – 10/4
- Trading Stocks: RSI and Why it’s Useful
- Top Streaming Companies: Who’s Winning the Battle?
Receive News & Ratings for Zoom Video Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Video Communications and related companies with MarketBeat.com's FREE daily email newsletter.