Zoom Video Communications, Inc. (NASDAQ:ZM) COO Sells $733,154.73 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 9,317 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $733,154.73. Following the sale, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at approximately $1,105,830.57. This trade represents a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $68.59, for a total value of $721,566.80.

Zoom Video Communications Price Performance

Shares of ZM stock traded down $0.44 on Friday, hitting $79.46. The company’s stock had a trading volume of 2,750,285 shares, compared to its average volume of 2,265,364. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The firm’s fifty day moving average price is $82.96 and its 200-day moving average price is $70.91. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 5.29 and a beta of -0.01.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZM. Baker Avenue Asset Management LP raised its position in shares of Zoom Video Communications by 82.1% during the third quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company’s stock valued at $1,994,000 after buying an additional 12,890 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Zoom Video Communications during the second quarter worth about $763,000. HighTower Advisors LLC grew its stake in Zoom Video Communications by 449.4% during the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock worth $4,429,000 after buying an additional 52,039 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Zoom Video Communications by 15.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock worth $87,713,000 after buying an additional 167,618 shares during the last quarter. Finally, National Pension Service grew its stake in Zoom Video Communications by 30.1% during the third quarter. National Pension Service now owns 655,227 shares of the company’s stock worth $45,696,000 after buying an additional 151,728 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ZM shares. Benchmark lifted their price objective on Zoom Video Communications from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a report on Tuesday, November 26th. Piper Sandler lifted their target price on Zoom Video Communications from $68.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Mizuho lifted their target price on Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a report 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 report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zoom Video Communications has a consensus rating of “Hold” and an average price target 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.