Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan Sells 1,412 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan sold 1,412 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the transaction, the chief accounting officer now directly owns 5,404 shares in the company, valued at $425,240.76. This trade represents a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shane Crehan also recently made the following trade(s):

• On Tuesday, December 10th, Shane Crehan sold 1,551 shares of Zoom Video Communications stock. The shares were sold at an average price of $84.94, for a total value of $131,741.94.

Zoom Video Communications Trading Down 0.8 %

NASDAQ:ZM traded down $0.64 on Monday, hitting $78.82. 1,884,474 shares of the stock were exchanged, compared to its average volume of 2,210,943. The stock has a market cap of $24.16 billion, a PE ratio of 26.27, a PEG ratio of 5.29 and a beta of -0.01. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The stock has a fifty day moving average of $83.02 and a 200-day moving average of $71.24.

Institutional Trading of Zoom Video Communications

A number of institutional investors have recently modified their holdings of the company. Wedmont Private Capital boosted its position in shares of Zoom Video Communications by 12.5% in the fourth quarter. Wedmont Private Capital now owns 3,350 shares of the company’s stock worth $266,000 after buying an additional 371 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Zoom Video Communications by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 74,890 shares of the company’s stock worth $6,112,000 after acquiring an additional 398 shares during the period. Nordea Investment Management AB grew its position in Zoom Video Communications by 202.8% in the fourth quarter. Nordea Investment Management AB now owns 779,051 shares of the company’s stock valued at $64,054,000 after acquiring an additional 521,778 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Zoom Video Communications in the fourth quarter valued at approximately $346,000. Finally, GAMMA Investing LLC raised its stake in shares of Zoom Video Communications by 27.1% during the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $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.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZM. Wells Fargo & Company upgraded shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $70.00 to $85.00 in a research note on Tuesday, January 7th. Wedbush began coverage on shares of Zoom Video Communications in a research note on Thursday, October 17th. They set an “outperform” rating and a $85.00 target price for the company. Rosenblatt Securities restated a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a research report on Friday, November 22nd. Hsbc Global Res raised Zoom Video Communications to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group lifted their target price on Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zoom Video Communications currently 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.