Zoom Video Communications Inc (NASDAQ:ZM) Director Kimberly Hammonds Sells 3,125 Shares of Stock

Zoom Video Communications Inc (NASDAQ:ZM) Director Kimberly Hammonds sold 3,125 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $88.94, for a total transaction of $277,937.50. Following the completion of the sale, the director now owns 3,125 shares of the company’s stock, valued at approximately $277,937.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kimberly Hammonds also recently made the following trade(s):

  • On Wednesday, January 8th, Kimberly Hammonds sold 3,125 shares of Zoom Video Communications stock. The shares were sold at an average price of $71.69, for a total transaction of $224,031.25.
  • On Monday, January 6th, Kimberly Hammonds sold 3,125 shares of Zoom Video Communications stock. The shares were sold at an average price of $70.00, for a total transaction of $218,750.00.
  • On Monday, November 18th, Kimberly Hammonds sold 16,797 shares of Zoom Video Communications stock. The shares were sold at an average price of $69.99, for a total transaction of $1,175,622.03.

Shares of NASDAQ ZM opened at $89.86 on Friday. Zoom Video Communications Inc has a 52 week low of $59.94 and a 52 week high of $107.34. The company’s 50-day moving average price is $75.71 and its 200 day moving average price is $77.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.21 and a quick ratio of 3.21.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. The business had revenue of $166.60 million during the quarter, compared to analyst estimates of $156.23 million. Zoom Video Communications’s revenue for the quarter was up 84.9% on a year-over-year basis. Equities research analysts forecast that Zoom Video Communications Inc will post 0.02 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC grew its stake in Zoom Video Communications by 10.7% in the 4th quarter. Sowell Financial Services LLC now owns 1,461 shares of the company’s stock valued at $99,000 after acquiring an additional 141 shares during the last quarter. Trustcore Financial Services LLC boosted its stake in shares of Zoom Video Communications by 80.0% during the 3rd quarter. Trustcore Financial Services LLC now owns 630 shares of the company’s stock worth $48,000 after purchasing an additional 280 shares during the last quarter. Coastal Investment Advisors Inc. boosted its stake in shares of Zoom Video Communications by 466.7% during the 4th quarter. Coastal Investment Advisors Inc. now owns 425 shares of the company’s stock worth $32,000 after purchasing an additional 350 shares during the last quarter. G&S Capital LLC acquired a new stake in shares of Zoom Video Communications during the 3rd quarter worth about $28,000. Finally, NEXT Financial Group Inc boosted its stake in shares of Zoom Video Communications by 4,344.4% during the 4th quarter. NEXT Financial Group Inc now owns 400 shares of the company’s stock worth $27,000 after purchasing an additional 391 shares during the last quarter. 10.52% of the stock is currently owned by hedge funds and other institutional investors.

ZM has been the subject of several research reports. Piper Jaffray Companies initiated coverage on shares of Zoom Video Communications in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $70.00 price target for the company. Rosenblatt Securities reiterated a “hold” rating and issued a $70.00 price target on shares of Zoom Video Communications in a research report on Friday, December 6th. Robert W. Baird reiterated an “in-line” rating and issued a $85.00 price target (down previously from $100.00) on shares of Zoom Video Communications in a research report on Friday, December 6th. They noted that the move was a valuation call. Stephens initiated coverage on shares of Zoom Video Communications in a research report on Friday, December 6th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Credit Suisse Group cut their price objective on shares of Zoom Video Communications from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $80.77.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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Insider Buying and Selling by Quarter for Zoom Video Communications (NASDAQ:ZM)

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