Aparna Bawa Sells 874 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZMGet Free Report) COO Aparna Bawa sold 874 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $61.78, for a total value of $53,995.72. Following the completion of the transaction, the chief operating officer now owns 2,814 shares of the company’s stock, valued at approximately $173,848.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, April 18th, Aparna Bawa sold 21,968 shares of Zoom Video Communications stock. The shares were sold at an average price of $60.18, for a total value of $1,322,034.24.
  • On Monday, March 18th, Aparna Bawa sold 816 shares of Zoom Video Communications stock. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60.

Zoom Video Communications Price Performance

Shares of Zoom Video Communications stock opened at $62.84 on Friday. Zoom Video Communications, Inc. has a 1 year low of $58.87 and a 1 year high of $75.90. The company has a 50-day moving average of $62.20 and a 200 day moving average of $65.82. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 9.89 and a beta of -0.01.

Wall Street Analyst Weigh In

ZM has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research note on Tuesday, May 21st. Wells Fargo & Company decreased their target price on Zoom Video Communications from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 21st. Evercore ISI cut their price objective on Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating for the company in a report on Tuesday, May 21st. Robert W. Baird lowered their target price on shares of Zoom Video Communications from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 21st. Finally, Mizuho cut their price target on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.18.

Get Our Latest Stock Report on ZM

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evoke Wealth LLC raised its position in Zoom Video Communications by 3.5% in the 4th quarter. Evoke Wealth LLC now owns 5,066 shares of the company’s stock worth $364,000 after buying an additional 172 shares during the last quarter. Xponance Inc. lifted its position in Zoom Video Communications by 2.0% during the fourth quarter. Xponance Inc. now owns 9,279 shares of the company’s stock valued at $667,000 after purchasing an additional 179 shares during the period. Cantor Fitzgerald L. P. grew its position in Zoom Video Communications by 2.7% in the 4th quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company’s stock worth $544,000 after purchasing an additional 197 shares during the period. Amalgamated Bank raised its stake in Zoom Video Communications by 0.8% during the 3rd quarter. Amalgamated Bank now owns 24,850 shares of the company’s stock valued at $1,738,000 after buying an additional 205 shares during the last quarter. Finally, Excalibur Management Corp boosted its stake in shares of Zoom Video Communications by 6.8% in the 3rd quarter. Excalibur Management Corp now owns 4,083 shares of the company’s stock worth $286,000 after buying an additional 259 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

About Zoom Video Communications

(Get 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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Insider Buying and Selling by Quarter for Zoom Video Communications (NASDAQ:ZM)

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