Aparna Bawa Sells 7,000 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) COO Aparna Bawa sold 7,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $63.52, for a total value of $444,640.00. Following the transaction, the chief operating officer now directly owns 22,119 shares of the company’s stock, valued at $1,404,998.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Aparna Bawa also recently made the following trade(s):

• On Tuesday, May 2nd, Aparna Bawa sold 10,500 shares of Zoom Video Communications stock. The shares were sold at an average price of $61.42, for a total transaction of $644,910.00.
• On Tuesday, April 18th, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $67.56, for a total transaction of $472,920.00.
• On Tuesday, April 11th, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $69.76, for a total transaction of $488,320.00.
• On Tuesday, April 4th, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $73.24, for a total transaction of $512,680.00.
• On Tuesday, March 28th, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.05, for a total transaction of $476,350.00.
• On Tuesday, March 21st, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $70.36, for a total transaction of $492,520.00.
• On Tuesday, March 14th, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The stock was sold at an average price of $69.23, for a total transaction of $484,610.00.
• On Monday, March 6th, Aparna Bawa sold 7,000 shares of Zoom Video Communications stock. The stock was sold at an average price of $71.75, for a total transaction of $502,250.00.
• On Wednesday, March 1st, Aparna Bawa sold 14,000 shares of Zoom Video Communications stock. The stock was sold at an average price of $70.93, for a total transaction of $993,020.00.

Zoom Video Communications Trading Up 1.8 %

ZM stock traded up $1.15 on Friday, hitting $66.27. The company had a trading volume of 5,932,240 shares, compared to its average volume of 4,109,576. Zoom Video Communications, Inc. has a 12-month low of $60.45 and a 12-month high of $124.05. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 145.65, a P/E/G ratio of 3.38 and a beta of -0.22. The stock’s 50-day simple moving average is $67.17 and its 200 day simple moving average is $71.07.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last announced its quarterly earnings data on Monday, May 22nd. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.99 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Zoom Video Communications had a net margin of 0.12% and a return on equity of 2.38%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. Research analysts forecast that Zoom Video Communications, Inc. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Zoom Video Communications

Several institutional investors have recently bought and sold shares of the stock. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Zoom Video Communications by 63.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Neo Ivy Capital Management increased its stake in shares of Zoom Video Communications by 56.8% in the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Zoom Video Communications by 33.7% in the 4th quarter. Benjamin Edwards Inc. now owns 643 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. CNB Bank increased its stake in shares of Zoom Video Communications by 9.4% in the 3rd quarter. CNB Bank now owns 1,963 shares of the company’s stock valued at $144,000 after purchasing an additional 169 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Zoom Video Communications by 6.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,858 shares of the company’s stock valued at $194,000 after purchasing an additional 169 shares in the last quarter. 52.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ZM. Credit Suisse Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 28th. Evercore ISI decreased their price target on shares of Zoom Video Communications from $85.00 to $75.00 in a research note on Tuesday. Mizuho reissued a “buy” rating and issued a $100.00 price target on shares of Zoom Video Communications in a research note on Tuesday, February 28th. Citigroup increased their price target on shares of Zoom Video Communications from $67.00 to $68.00 and gave the stock a “sell” rating in a research note on Wednesday, March 1st. Finally, Moffett Nathanson raised shares of Zoom Video Communications from an “underperform” rating to a “market perform” rating and set a $85.00 price target for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Zoom Video Communications presently has an average rating of “Hold” and an average price target of $86.50.

Zoom Video Communications Company Profile

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Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.