Sender Co & Partners Inc. Invests $754,000 in Zoom Video Communications, Inc. (NASDAQ:ZM)

Sender Co & Partners Inc. acquired a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,734 shares of the company’s stock, valued at approximately $754,000. Zoom Video Communications accounts for approximately 0.9% of Sender Co & Partners Inc.’s holdings, making the stock its 20th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Zoom Video Communications in the second quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Zoom Video Communications in the 2nd quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Zoom Video Communications during the 2nd quarter worth about $41,000. Tradition Wealth Management LLC lifted its stake in Zoom Video Communications by 597.0% during the 4th quarter. Tradition Wealth Management LLC now owns 690 shares of the company’s stock valued at $50,000 after acquiring an additional 591 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Zoom Video Communications by 1,257.7% in the second quarter. Versant Capital Management Inc now owns 964 shares of the company’s stock valued at $57,000 after purchasing an additional 893 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Video Communications Trading Up 1.4 %

Shares of Zoom Video Communications stock opened at $68.90 on Friday. The company has a 50-day moving average of $63.51 and a two-hundred day moving average of $62.37. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $74.77. The stock has a market cap of $21.21 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 5.98 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. Zoom Video Communications’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler cut their target price on shares of Zoom Video Communications from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Bank of America dropped their target price on shares of Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Morgan Stanley lowered their price target on shares of Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Finally, UBS Group upgraded shares of Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.68.

Insider Transactions at Zoom Video Communications

In other news, COO Aparna Bawa sold 11,060 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $57.15, for a total transaction of $632,079.00. Following the completion of the sale, the chief operating officer now directly owns 12,310 shares of the company’s stock, valued at approximately $703,516.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zoom Video Communications news, CFO Kelly Steckelberg sold 8,901 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $66.47, for a total value of $591,649.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Aparna Bawa sold 11,060 shares of Zoom Video Communications stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $57.15, for a total transaction of $632,079.00. Following the sale, the chief operating officer now directly owns 12,310 shares in the company, valued at approximately $703,516.50. The disclosure for this sale can be found here. Insiders sold a total of 123,908 shares of company stock worth $7,373,459 over the last ninety days. 10.78% of the stock is currently owned by corporate insiders.

Zoom Video Communications Company Profile

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.