Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its position in Zoom Video Communications, Inc. (NASDAQ:ZMFree Report) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,443 shares of the company’s stock after acquiring an additional 387 shares during the period. Signaturefd LLC’s holdings in Zoom Video Communications were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ZM. Innealta Capital LLC purchased a new stake in shares of Zoom Video Communications during the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Zoom Video Communications during the 2nd quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zoom Video Communications in the second quarter valued at $41,000. Versant Capital Management Inc increased its stake 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 period. Finally, EverSource Wealth Advisors LLC increased its stake in Zoom Video Communications by 69.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $102,000 after purchasing an additional 692 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zoom Video Communications news, COO Aparna Bawa sold 831 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total value of $55,086.99. Following the transaction, the chief operating officer now directly owns 1,978 shares in the company, valued at approximately $131,121.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Velchamy Sankarlingam sold 3,614 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total value of $241,668.18. Following the transaction, the insider now owns 94,000 shares of the company’s stock, valued at $6,285,780. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Aparna Bawa sold 831 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,121.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,477 shares of company stock worth $12,842,978. 10.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ZM has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, October 10th. Robert W. Baird reduced their price objective on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a research report on Thursday, October 10th. Rosenblatt Securities reissued a “buy” rating and issued a $78.00 price objective on shares of Zoom Video Communications in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Zoom Video Communications presently has a consensus rating of “Hold” and an average target price of $75.32.

View Our Latest Report on ZM

Zoom Video Communications Price Performance

ZM opened at $72.63 on Friday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $74.77. The firm has a market capitalization of $22.46 billion, a PE ratio of 27.10, a P/E/G ratio of 6.22 and a beta of -0.04. The company’s 50-day moving average is $68.49 and its 200 day moving average is $62.95.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last released its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. Zoom Video Communications’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. As a group, analysts expect that Zoom Video Communications, Inc. will post 2.74 EPS for the current year.

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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