Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan Sells 33,691 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan sold 33,691 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $74.79, for a total transaction of $2,519,749.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zoom Communications Trading Up 0.2%

ZM opened at $74.60 on Friday. The stock’s 50-day moving average price is $78.93 and its 200 day moving average price is $78.19. Zoom Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 12.19 and a beta of 0.68.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Zoom Communications had a return on equity of 11.08% and a net margin of 22.31%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $1.35 EPS. On average, research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on ZM shares. Citigroup dropped their price objective on shares of Zoom Communications from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, May 15th. Benchmark reiterated a “buy” rating and issued a $97.00 target price on shares of Zoom Communications in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a research note on Thursday, May 22nd. Finally, Scotiabank lifted their target price on shares of Zoom Communications from $75.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.00.

Institutional Trading of Zoom Communications

Institutional investors and hedge funds have recently bought and sold shares of the company. SouthState Corp acquired a new position in shares of Zoom Communications in the first quarter worth $25,000. Wayfinding Financial LLC acquired a new position in shares of Zoom Communications in the 1st quarter worth approximately $25,000. Raiffeisen Bank International AG acquired a new position in Zoom Communications during the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Zoom Communications by 177.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 246 shares during the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of Zoom Communications in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom 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.