Corient Private Wealth LLC Boosts Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Corient Private Wealth LLC boosted its position in Zoom Video Communications, Inc. (NASDAQ:ZMFree Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,166 shares of the company’s stock after purchasing an additional 777 shares during the period. Corient Private Wealth LLC’s holdings in Zoom Video Communications were worth $515,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ZM. D.A. Davidson & CO. raised its holdings in Zoom Video Communications by 7.3% during the 4th quarter. D.A. Davidson & CO. now owns 8,581 shares of the company’s stock valued at $617,000 after acquiring an additional 585 shares during the period. Thoroughbred Financial Services LLC bought a new stake in Zoom Video Communications during the 4th quarter valued at $262,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Zoom Video Communications by 3.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 69,041 shares of the company’s stock valued at $4,965,000 after acquiring an additional 2,486 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Zoom Video Communications during the 4th quarter valued at $3,077,000. Finally, Norges Bank bought a new stake in Zoom Video Communications during the 4th quarter valued at $164,224,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Up 1.6 %

NASDAQ ZM opened at $63.11 on Friday. The company has a 50-day simple moving average of $62.25 and a two-hundred day simple moving average of $65.84. Zoom Video Communications, Inc. has a 12-month low of $58.87 and a 12-month high of $75.90. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 9.64 and a beta of -0.01.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ZM shares. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 27th. Mizuho decreased their price target on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Robert W. Baird decreased their price target on shares of Zoom Video Communications from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st. Wells Fargo & Company decreased their price target on shares of Zoom Video Communications from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Tuesday, May 21st. Finally, Sanford C. Bernstein decreased their price target on shares of Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating on the stock in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zoom Video Communications has an average rating of “Hold” and an average target price of $76.18.

Read Our Latest Stock Report on Zoom Video Communications

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 1,553 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total transaction of $108,710.00. Following the completion of the sale, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Velchamy Sankarlingam sold 1,553 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total transaction of $108,710.00. Following the completion of the sale, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Shane Crehan sold 1,931 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $135,170.00. The disclosure for this sale can be found here. Insiders sold a total of 99,977 shares of company stock worth $6,218,763 over the last three months. Company insiders own 10.78% of the company’s stock.

About Zoom Video Communications

(Free Report)

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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