Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan Sells 33,751 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Eric S. Yuan sold 33,751 shares of Zoom Video Communications stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $78.69, for a total value of $2,655,866.19. Following the sale, the chief executive officer now directly owns 34,703 shares of the company’s stock, valued at $2,730,779.07. This represents a 49.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM opened at $79.46 on Friday. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The firm has a market cap of $24.35 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 5.29 and a beta of -0.01. The company has a 50 day simple moving average of $82.96 and a 200 day simple moving average of $70.91.

Hedge Funds Weigh In On Zoom Video Communications

Large investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. increased its holdings in Zoom Video Communications by 1.9% in the third quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after purchasing an additional 131 shares during the period. MML Investors Services LLC increased its stake in shares of Zoom Video Communications by 1.4% in the third quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock valued at $655,000 after buying an additional 132 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Zoom Video Communications by 1.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock valued at $556,000 after buying an additional 145 shares during the period. MetLife Investment Management LLC raised its position in shares of Zoom Video Communications by 3.4% during the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after acquiring an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Zoom Video Communications by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after acquiring an additional 164 shares during the period. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ZM shares. Benchmark raised their price target on shares of Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price target on shares of Zoom Video Communications from $72.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upgraded Zoom Video Communications from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $70.00 to $85.00 in a research report on Tuesday. Stifel Nicolaus boosted their price target on Zoom Video Communications from $70.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley raised their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.81.

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.