Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa Sells 9,317 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 9,317 shares of Zoom Video Communications stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the transaction, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at approximately $1,105,830.57. This trade represents a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, October 14th, Aparna Bawa sold 10,520 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.59, for a total transaction of $721,566.80.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM opened at $79.46 on Friday. The stock’s 50-day simple moving average is $82.96 and its two-hundred day simple moving average is $70.91. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 5.29 and a beta of -0.01. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80.

Hedge Funds Weigh In On Zoom Video Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in Zoom Video Communications during the third quarter valued at approximately $37,000. Allworth Financial LP increased its stake in shares of Zoom Video Communications by 43.8% in the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Zoom Video Communications by 56.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock worth $53,000 after purchasing an additional 274 shares in the last quarter. GAMMA Investing LLC raised its holdings in Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after purchasing an additional 164 shares during the period. Finally, True Wealth Design LLC lifted its position in Zoom Video Communications by 10,763.6% during the third quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock valued at $83,000 after purchasing an additional 1,184 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of several recent research reports. Piper Sandler upped their price target on Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein raised their price target on Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised Zoom Video Communications from a “hold” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $100.00 in a research report on Thursday, December 19th. Bank of America increased their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Zoom Video Communications from $72.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.81.

Zoom Video Communications Company Profile

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.