Aparna Bawa Sells 2,000 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZMGet Rating) COO Aparna Bawa sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $109.92, for a total value of $219,840.00. Following the sale, the chief operating officer now directly owns 89,472 shares in the company, valued at approximately $9,834,762.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Tuesday, April 5th, Aparna Bawa sold 2,000 shares of Zoom Video Communications stock. The shares were sold at an average price of $122.38, for a total value of $244,760.00.
  • On Tuesday, March 22nd, Aparna Bawa sold 3,449 shares of Zoom Video Communications stock. The stock was sold at an average price of $118.64, for a total value of $409,189.36.

Shares of NASDAQ:ZM traded down $2.75 during trading on Thursday, reaching $100.95. The company had a trading volume of 4,392,783 shares, compared to its average volume of 4,665,056. Zoom Video Communications, Inc. has a twelve month low of $94.51 and a twelve month high of $406.48. The firm has a market capitalization of $30.20 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 4.15 and a beta of -0.93. The firm’s fifty day moving average is $116.54 and its 200 day moving average is $177.21.

Zoom Video Communications (NASDAQ:ZMGet Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Zoom Video Communications had a return on equity of 21.17% and a net margin of 33.54%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts forecast that Zoom Video Communications, Inc. will post 1.37 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its stake in Zoom Video Communications by 38.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 138 shares of the company’s stock valued at $36,000 after acquiring an additional 38 shares in the last quarter. Allworth Financial LP raised its position in shares of Zoom Video Communications by 14.0% in the 3rd quarter. Allworth Financial LP now owns 310 shares of the company’s stock valued at $81,000 after buying an additional 38 shares in the last quarter. Budros Ruhlin & Roe Inc. increased its position in Zoom Video Communications by 2.4% during the 3rd quarter. Budros Ruhlin & Roe Inc. now owns 1,740 shares of the company’s stock worth $455,000 after purchasing an additional 40 shares in the last quarter. Quilter Plc grew its holdings in Zoom Video Communications by 2.8% during the 3rd quarter. Quilter Plc now owns 2,080 shares of the company’s stock worth $544,000 after acquiring an additional 56 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in Zoom Video Communications by 68.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 140 shares of the company’s stock worth $37,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 51.52% of the company’s stock.

A number of analysts have recently commented on ZM shares. TheStreet raised Zoom Video Communications from a “d” rating to a “c” rating in a research note on Monday. Citigroup dropped their target price on shares of Zoom Video Communications from $250.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Citic Securities initiated coverage on shares of Zoom Video Communications in a research note on Thursday, December 30th. They set a “buy” rating and a $260.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Zoom Video Communications from $145.00 to $105.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 15th. Finally, Evercore ISI reduced their price objective on shares of Zoom Video Communications from $235.00 to $145.00 and set an “inline” rating for the company in a research note on Tuesday, March 1st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $191.58.

About Zoom Video Communications (Get Rating)

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.

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