Aparna Bawa Sells 12,075 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 12,075 shares of Zoom Video Communications stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $79.15, for a total value of $955,736.25. Following the transaction, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at approximately $156,558.70. The trade was a 85.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 10th, Aparna Bawa sold 9,317 shares of Zoom Video Communications stock. The stock was sold at an average price of $78.69, for a total transaction of $733,154.73.

Zoom Video Communications Stock Down 1.0 %

NASDAQ ZM traded down $0.82 during trading on Thursday, reaching $79.44. 1,803,137 shares of the stock traded hands, compared to its average volume of 2,086,332. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 4.97 and a beta of -0.01. The stock’s 50-day moving average price is $83.06 and its 200 day moving average price is $71.45.

Hedge Funds Weigh In On Zoom Video Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in ZM. Crossmark Global Holdings Inc. raised its stake in Zoom Video Communications by 464.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 16,374 shares of the company’s stock worth $1,336,000 after buying an additional 13,471 shares during the period. Aaron Wealth Advisors LLC increased its holdings in shares of Zoom Video Communications by 28.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,071 shares of the company’s stock worth $414,000 after acquiring an additional 1,128 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Zoom Video Communications in the fourth quarter worth about $311,000. Ameritas Advisory Services LLC raised its position in shares of Zoom Video Communications by 4.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 15,095 shares of the company’s stock worth $1,232,000 after purchasing an additional 610 shares during the period. Finally, Alhambra Investment Management LLC lifted its holdings in shares of Zoom Video Communications by 16.8% during the 4th quarter. Alhambra Investment Management LLC now owns 9,459 shares of the company’s stock valued at $772,000 after purchasing an additional 1,364 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on ZM shares. Benchmark upped their price objective on shares of Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their price target on Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a report on Friday, January 10th. Wedbush initiated coverage on Zoom Video Communications in a research note on Thursday, October 17th. They issued an “outperform” rating and a $85.00 target price for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $78.00 price target on shares of Zoom Video Communications in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.81.

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.