Jonathan Chadwick Sells 25,000 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Jonathan Chadwick sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total value of $2,008,250.00. Following the sale, the director now directly owns 1,514 shares of the company’s stock, valued at $121,619.62. The trade was a 94.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jonathan Chadwick also recently made the following trade(s):

• On Tuesday, October 29th, Jonathan Chadwick sold 12,500 shares of Zoom Video Communications stock. The stock was sold at an average price of $75.04, for a total value of $938,000.00.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $78.07 on Friday. The stock has a fifty day moving average price of $82.98 and a two-hundred day moving average price of $71.63. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The firm has a market capitalization of $23.93 billion, a P/E ratio of 26.02, a P/E/G ratio of 4.97 and a beta of -0.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in shares of Zoom Video Communications by 96.7% in the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after buying an additional 2,579,720 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Zoom Video Communications by 78.5% in the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after buying an additional 2,520,987 shares in the last quarter. FMR LLC increased its stake in shares of Zoom Video Communications by 23.8% in the third quarter. FMR LLC now owns 12,444,887 shares of the company’s stock valued at $867,906,000 after buying an additional 2,395,396 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Zoom Video Communications in the third quarter valued at $62,038,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Zoom Video Communications by 126.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company’s stock valued at $102,119,000 after buying an additional 699,625 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZM has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $78.00 target price on shares of Zoom Video Communications in a research report on Friday, November 22nd. UBS Group increased their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Cantor Fitzgerald assumed coverage on Zoom Video Communications in a research report on Friday. They issued a “neutral” rating and a $87.00 price objective for the company. Scotiabank raised Zoom Video Communications to a “hold” rating in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $89.10.

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.