Nisa Investment Advisors LLC Has $1.32 Million Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Nisa Investment Advisors LLC trimmed its stake in Zoom Video Communications, Inc. (NASDAQ:ZMGet Rating) by 34.2% in the first quarter, HoldingsChannel reports. The firm owned 11,280 shares of the company’s stock after selling 5,857 shares during the period. Nisa Investment Advisors LLC’s holdings in Zoom Video Communications were worth $1,322,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System grew its holdings in shares of Zoom Video Communications by 442.9% during the first quarter. New York State Teachers Retirement System now owns 3,800 shares of the company’s stock valued at $445,000 after buying an additional 3,100 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Zoom Video Communications by 16.7% during the first quarter. IFM Investors Pty Ltd now owns 33,876 shares of the company’s stock valued at $3,971,000 after buying an additional 4,847 shares during the last quarter. CNB Bank grew its holdings in shares of Zoom Video Communications by 73.9% during the first quarter. CNB Bank now owns 1,676 shares of the company’s stock valued at $196,000 after buying an additional 712 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Zoom Video Communications by 8.8% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 12,838 shares of the company’s stock valued at $2,361,000 after buying an additional 1,037 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Zoom Video Communications by 95.2% during the fourth quarter. American Century Companies Inc. now owns 28,630 shares of the company’s stock valued at $5,265,000 after purchasing an additional 13,963 shares in the last quarter. 55.94% of the stock is currently owned by institutional investors and hedge funds.

Zoom Video Communications Trading Down 3.9 %

Shares of NASDAQ:ZM opened at $106.55 on Friday. The company has a 50 day moving average of $107.36 and a 200 day moving average of $118.61. The stock has a market cap of $31.79 billion, a P/E ratio of 25.86, a P/E/G ratio of 4.39 and a beta of -0.60. Zoom Video Communications, Inc. has a 12 month low of $79.03 and a 12 month high of $404.35.

Zoom Video Communications (NASDAQ:ZMGet Rating) last issued its quarterly earnings data on Monday, May 23rd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Zoom Video Communications had a net margin of 29.91% and a return on equity of 16.56%. Zoom Video Communications’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities analysts forecast that Zoom Video Communications, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Activity at Zoom Video Communications

In related news, CFO Kelly Steckelberg sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $100.00, for a total transaction of $670,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zoom Video Communications news, COO Aparna Bawa sold 2,404 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $95.04, for a total value of $228,476.16. Following the completion of the transaction, the chief operating officer now owns 84,260 shares of the company’s stock, valued at approximately $8,008,070.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kelly Steckelberg sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $100.00, for a total transaction of $670,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,923 shares of company stock valued at $5,772,171. Corporate insiders own 11.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ZM shares. Benchmark raised their price target on shares of Zoom Video Communications from $124.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, May 24th. The Goldman Sachs Group dropped their price target on shares of Zoom Video Communications from $163.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 24th. Exane BNP Paribas started coverage on shares of Zoom Video Communications in a research report on Tuesday, March 29th. They set a “neutral” rating and a $110.00 price target on the stock. Barclays dropped their price target on shares of Zoom Video Communications from $150.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 19th. Finally, BNP Paribas started coverage on shares of Zoom Video Communications in a research report on Tuesday, March 29th. They set a “neutral” rating and a $110.00 price target on the stock. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $161.53.

Zoom Video Communications Profile

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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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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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