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

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 193 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $82.90, for a total transaction of $15,999.70. Following the completion of the transaction, the director now directly owns 171,927 shares in the company, valued at $14,252,748.30. The trade was a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zoom Video Communications Stock Down 0.1 %

Shares of ZM traded down $0.06 during midday trading on Friday, hitting $75.97. The company’s stock had a trading volume of 6,268,809 shares, compared to its average volume of 3,039,675. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 5.48 and a beta of 0.26. The company’s fifty day simple moving average is $79.98 and its two-hundred day simple moving average is $77.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global X Japan Co. Ltd. boosted its position in Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after buying an additional 190 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 258 shares in the last quarter. Avior Wealth Management LLC grew its position in Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Zoom Video Communications in the 4th quarter worth about $30,000. Finally, Colonial Trust Co SC bought a new position in Zoom Video Communications in the fourth quarter valued at about $32,000. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

ZM has been the topic of a number of research reports. Scotiabank decreased their price target on shares of Zoom Video Communications from $85.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Monday. Sanford C. Bernstein upped their target price on Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a research report on Tuesday, November 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Bank of America boosted their price target 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $89.33.

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.