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

Zoom Video Communications, Inc. (NASDAQ:ZMGet Rating) COO Aparna Bawa sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $103.73, for a total value of $207,460.00. Following the completion of the sale, the chief operating officer now directly owns 87,068 shares in the company, valued at approximately $9,031,563.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, April 19th, Aparna Bawa sold 2,000 shares of Zoom Video Communications stock. The stock was sold at an average price of $109.92, for a total value of $219,840.00.
  • On Tuesday, April 5th, Aparna Bawa sold 2,000 shares of Zoom Video Communications stock. The stock was 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.

NASDAQ ZM opened at $100.84 on Friday. Zoom Video Communications, Inc. has a twelve month low of $94.51 and a twelve month high of $406.48. The stock has a market capitalization of $30.16 billion, a PE ratio of 22.46, a P/E/G ratio of 3.90 and a beta of -0.66. The stock has a 50-day simple moving average of $110.72 and a 200 day simple moving average of $166.36.

Zoom Video Communications (NASDAQ:ZMGet Rating) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 business 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 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts predict that Zoom Video Communications, Inc. will post 1.38 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. MUFG Americas Holdings Corp bought a new position in Zoom Video Communications during the third quarter valued at about $26,000. Rise Advisors LLC bought a new position in Zoom Video Communications during the fourth quarter valued at about $26,000. Ellevest Inc. increased its stake in Zoom Video Communications by 94.8% during the fourth quarter. Ellevest Inc. now owns 150 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. BerganKDV Wealth Management LLC increased its stake in Zoom Video Communications by 144.4% during the fourth quarter. BerganKDV Wealth Management LLC now owns 154 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares during the period. Finally, Global Trust Asset Management LLC increased its stake in Zoom Video Communications by 1,035.7% during the fourth quarter. Global Trust Asset Management LLC now owns 159 shares of the company’s stock valued at $29,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 55.94% of the company’s stock.

A number of equities analysts recently issued reports on ZM shares. JPMorgan Chase & Co. decreased their target price on Zoom Video Communications from $385.00 to $295.00 and set an “overweight” rating on the stock in a report on Tuesday, March 1st. Zacks Investment Research cut Zoom Video Communications from a “hold” rating to a “strong sell” rating and set a $92.00 target price on the stock. in a report on Wednesday, March 9th. Exane BNP Paribas initiated coverage on Zoom Video Communications in a report on Tuesday, March 29th. They set a “neutral” rating and a $110.00 price target on the stock. BTIG Research lowered their price target on Zoom Video Communications from $400.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, March 1st. Finally, The Goldman Sachs Group lowered their price target on Zoom Video Communications from $200.00 to $171.00 and set a “neutral” rating on the stock in a report on Tuesday, March 1st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and a consensus price target of $191.58.

Zoom Video Communications Company Profile (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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