Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa Sells 9,317 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 9,317 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $733,154.73. Following the completion of the transaction, the chief operating officer now owns 14,053 shares of the company’s stock, valued at approximately $1,105,830.57. The trade was a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 14th, Aparna Bawa sold 10,520 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.59, for a total transaction of $721,566.80.

Zoom Video Communications Price Performance

Shares of ZM stock opened at $79.46 on Friday. The company has a market cap of $24.35 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 5.29 and a beta of -0.01. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The stock’s 50 day simple moving average is $82.96 and its two-hundred day simple moving average is $70.91.

Institutional Trading of Zoom Video Communications

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. boosted its stake in Zoom Video Communications by 1.9% during the third quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock worth $497,000 after buying an additional 131 shares during the period. MML Investors Services LLC lifted its holdings in shares of Zoom Video Communications by 1.4% in the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock worth $655,000 after acquiring an additional 132 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Zoom Video Communications by 1.9% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock worth $556,000 after purchasing an additional 145 shares during the period. MetLife Investment Management LLC grew its holdings in Zoom Video Communications by 3.4% during the 3rd quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock valued at $322,000 after purchasing an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the subject of a number of analyst reports. Barclays increased their price target on Zoom Video Communications from $70.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research note on Friday. Evercore ISI raised Zoom Video Communications from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $115.00 in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective 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. Finally, Jefferies Financial Group raised shares of Zoom Video Communications from a “hold” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $100.00 in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.81.

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.