Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa Sells 10,520 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 10,520 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $68.59, for a total value of $721,566.80. Following the completion of the transaction, the chief operating officer now owns 1,978 shares in the company, valued at $135,671.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, October 8th, Aparna Bawa sold 10,871 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.12, for a total value of $740,532.52.
• On Tuesday, September 10th, Aparna Bawa sold 831 shares of Zoom Video Communications stock. The stock was sold at an average price of $66.29, for a total value of $55,086.99.
• On Thursday, September 5th, Aparna Bawa sold 880 shares of Zoom Video Communications stock. The stock was sold at an average price of $68.09, for a total transaction of $59,919.20.
• On Thursday, July 18th, Aparna Bawa sold 10,332 shares of Zoom Video Communications stock. The stock was sold at an average price of $56.81, for a total transaction of $586,960.92.

Zoom Video Communications Price Performance

NASDAQ:ZM opened at $68.93 on Thursday. The firm has a 50 day simple moving average of $66.38 and a 200-day simple moving average of $62.54. The firm has a market cap of $21.22 billion, a PE ratio of 24.71, a P/E/G ratio of 5.85 and a beta of -0.04. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $74.77.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ZM shares. Bank of America lowered their price objective on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Rosenblatt Securities reissued a “buy” rating and issued a $78.00 target price on shares of Zoom Video Communications in a report on Friday, October 4th. Stifel Nicolaus boosted their target price on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Zoom Video Communications from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.05.

Hedge Funds Weigh In On Zoom Video Communications

A number of hedge funds have recently made changes to their positions in ZM. Paragon Capital Management Inc. purchased a new stake in Zoom Video Communications during the third quarter valued at about $2,153,000. Vontobel Holding Ltd. lifted its stake in shares of Zoom Video Communications by 43.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 53,307 shares of the company’s stock valued at $3,718,000 after purchasing an additional 16,149 shares in the last quarter. Swedbank AB grew its holdings in shares of Zoom Video Communications by 6.4% during the 3rd quarter. Swedbank AB now owns 41,896 shares of the company’s stock worth $2,922,000 after purchasing an additional 2,518 shares during the period. Creative Planning increased its position in Zoom Video Communications by 18.5% during the 3rd quarter. Creative Planning now owns 34,522 shares of the company’s stock worth $2,408,000 after purchasing an additional 5,396 shares in the last quarter. Finally, Harrington Investments INC raised its holdings in Zoom Video Communications by 12.4% in the third quarter. Harrington Investments INC now owns 18,645 shares of the company’s stock valued at $1,300,000 after buying an additional 2,055 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.