94 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Purchased by tru Independence LLC


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tru Independence LLC purchased a new position in Zoom Video Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 94 shares of the company’s stock, valued at approximately $32,000.

Other large investors have also bought and sold shares of the company. Oder Investment Management LLC acquired a new stake in shares of Zoom Video Communications during the fourth quarter worth approximately $25,000. Chiron Capital Management LLC acquired a new stake in shares of Zoom Video Communications during the third quarter worth approximately $28,000. Earnest Partners LLC acquired a new stake in shares of Zoom Video Communications during the third quarter worth approximately $38,000. Capital Advisors Ltd. LLC increased its holdings in shares of Zoom Video Communications by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 224 shares of the company’s stock worth $38,000 after buying an additional 122 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Zoom Video Communications by 122.6% during the fourth quarter. Westside Investment Management Inc. now owns 118 shares of the company’s stock worth $39,000 after buying an additional 65 shares in the last quarter. 37.97% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Eric S. Yuan sold 70,142 shares of Zoom Video Communications stock in a transaction dated Wednesday, January 20th. The shares were sold at an average price of $381.38, for a total value of $26,750,755.96. Following the completion of the transaction, the chief executive officer now owns 177,284 shares of the company’s stock, valued at approximately $67,612,571.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 2,593 shares of Zoom Video Communications stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $325.28, for a total transaction of $843,451.04. The disclosure for this sale can be found here. Insiders sold a total of 434,712 shares of company stock worth $154,584,330 over the last quarter. Company insiders own 24.25% of the company’s stock.

Several research firms have recently commented on ZM. Zacks Investment Research cut shares of Zoom Video Communications from a “buy” rating to a “hold” rating and set a $354.00 price target on the stock. in a research note on Monday, March 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Zoom Video Communications in a research note on Thursday, April 1st. They set a “hold” rating and a $360.00 price target on the stock. Rosenblatt Securities increased their price target on shares of Zoom Video Communications from $350.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, March 8th. Morgan Stanley increased their price target on shares of Zoom Video Communications from $390.00 to $420.00 and gave the company an “equal weight” rating in a research note on Monday, March 8th. Finally, Daiwa Capital Markets initiated coverage on shares of Zoom Video Communications in a research note on Wednesday, March 31st. They set a “sell” rating and a $250.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $423.62.

Shares of NASDAQ:ZM opened at $323.08 on Thursday. Zoom Video Communications, Inc. has a 12 month low of $112.50 and a 12 month high of $588.84. The company’s fifty day simple moving average is $350.72 and its 200 day simple moving average is $409.76. The firm has a market cap of $94.89 billion, a price-to-earnings ratio of 414.21, a PEG ratio of 12.42 and a beta of -1.46.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings results on Sunday, February 28th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.43. Zoom Video Communications had a net margin of 17.10% and a return on equity of 27.93%. The firm had revenue of $882.49 million for the quarter, compared to analyst estimates of $810.97 million. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was up 368.8% compared to the same quarter last year. Equities analysts predict that Zoom Video Communications, Inc. will post 1.83 earnings per share for the current year.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company's product portfolio includes 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 that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables sharing messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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