Zoom Video Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky Sells 193 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 193 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $82.90, for a total value of $15,999.70. Following the completion of the sale, the director now owns 171,927 shares in the company, valued at $14,252,748.30. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zoom Video Communications Price Performance

Shares of Zoom Video Communications stock opened at $75.97 on Monday. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80. The company’s fifty day simple moving average is $79.98 and its 200-day simple moving average is $77.95. The stock has a market capitalization of $23.19 billion, a PE ratio of 25.32, a P/E/G ratio of 5.48 and a beta of 0.26.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ZM shares. Morgan Stanley increased their target price on Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $115.00 in a research report on Tuesday, November 26th. Citigroup decreased their target price on shares of Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Bank of America increased their price target on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Mizuho boosted their price objective on shares of Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $89.33.

Hedge Funds Weigh In On Zoom Video Communications

A number of institutional investors have recently bought and sold shares of the stock. Adero Partners LLC lifted its holdings in Zoom Video Communications by 2.4% during the fourth quarter. Adero Partners LLC now owns 5,509 shares of the company’s stock valued at $450,000 after purchasing an additional 129 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Zoom Video Communications by 1.9% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after buying an additional 131 shares in the last quarter. MML Investors Services LLC boosted its holdings in 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 buying an additional 132 shares during the period. MetLife Investment Management LLC raised its holdings in Zoom Video Communications by 3.4% during the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock valued at $322,000 after acquiring an additional 154 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Zoom Video Communications by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $63,000 after acquiring an additional 164 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

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.