Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Sells 6,700 Shares

Zoom Video Communications, Inc. (NASDAQ:ZMGet Rating) CFO Kelly Steckelberg sold 6,700 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $100.27, for a total value of $671,809.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kelly Steckelberg also recently made the following trade(s):

  • On Monday, April 25th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The shares were sold at an average price of $100.00, for a total value of $670,000.00.
  • On Friday, April 8th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $111.55, for a total value of $747,385.00.
  • On Monday, March 21st, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $116.42, for a total value of $780,014.00.
  • On Wednesday, March 2nd, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $119.57, for a total value of $801,119.00.

Shares of Zoom Video Communications stock traded up $3.42 during midday trading on Friday, hitting $110.42. The company’s stock had a trading volume of 7,093,021 shares, compared to its average volume of 5,062,053. The firm has a market capitalization of $33.03 billion, a P/E ratio of 23.83, a PEG ratio of 3.38 and a beta of -0.66. The stock has a 50-day simple moving average of $105.28 and a 200-day simple moving average of $147.26. Zoom Video Communications, Inc. has a 1-year low of $79.03 and a 1-year high of $406.48.

Zoom Video Communications (NASDAQ:ZMGet Rating) last issued its earnings results on Monday, May 23rd. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Zoom Video Communications had a return on equity of 21.17% and a net margin of 33.54%. Zoom Video Communications’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. On average, analysts forecast that Zoom Video Communications, Inc. will post 1.38 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Cordasco Financial Network increased its stake in Zoom Video Communications by 178.4% during the third quarter. Cordasco Financial Network now owns 142 shares of the company’s stock valued at $37,000 after acquiring an additional 91 shares during the period. Rise Advisors LLC bought a new stake in shares of Zoom Video Communications in the 4th quarter valued at approximately $26,000. Ellevest Inc. grew its stake in shares of Zoom Video Communications by 94.8% in the 4th quarter. Ellevest Inc. now owns 150 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. BerganKDV Wealth Management LLC grew its stake in shares of Zoom Video Communications by 144.4% in the 4th quarter. BerganKDV Wealth Management LLC now owns 154 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares during the period. Finally, City State Bank bought a new stake in shares of Zoom Video Communications in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

A number of equities research analysts have recently issued reports on ZM shares. Zacks Investment Research upgraded Zoom Video Communications from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research note on Monday, May 16th. Piper Sandler lowered Zoom Video Communications from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $157.00 to $96.00 in a research note on Thursday, May 12th. Wolfe Research lowered Zoom Video Communications from an “outperform” rating to a “peer perform” rating and lowered their price objective for the company from $140.00 to $100.00 in a research note on Wednesday, March 2nd. CICC Research initiated coverage on Zoom Video Communications in a research note on Monday, February 14th. They set an “outperform” rating and a $182.92 price objective for the company. Finally, Barclays lowered their price objective on Zoom Video Communications from $150.00 to $90.00 and set an “equal weight” rating for the company in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Zoom Video Communications has a consensus rating of “Hold” and a consensus price target of $176.96.

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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