MassMutual Private Wealth & Trust FSB Has $43,000 Holdings in Zoom Communications, Inc. $ZM

MassMutual Private Wealth & Trust FSB raised its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 44.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 556 shares of the company’s stock after purchasing an additional 171 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Zoom Communications were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Zoom Communications by 27.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,970 shares of the company’s stock valued at $232,000 after purchasing an additional 638 shares during the period. RB Capital Management LLC acquired a new stake in Zoom Communications during the 2nd quarter valued at approximately $1,537,000. Kera Capital Partners Inc. increased its position in Zoom Communications by 41.2% during the 2nd quarter. Kera Capital Partners Inc. now owns 6,497 shares of the company’s stock valued at $507,000 after purchasing an additional 1,895 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Zoom Communications during the 1st quarter valued at approximately $999,000. Finally, Voya Investment Management LLC increased its position in Zoom Communications by 24.2% during the 1st quarter. Voya Investment Management LLC now owns 70,180 shares of the company’s stock valued at $5,177,000 after purchasing an additional 13,686 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $77.17, for a total transaction of $190,995.75. Following the transaction, the director directly owned 157,235 shares in the company, valued at approximately $12,133,824.95. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Chadwick sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $74.86, for a total value of $1,871,500.00. Following the transaction, the director owned 5,875 shares in the company, valued at approximately $439,802.50. This trade represents a 80.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,400 shares of company stock worth $6,871,114. 11.51% of the stock is currently owned by insiders.

Zoom Communications Stock Down 3.1%

Shares of ZM opened at $84.16 on Friday. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $92.80. The business’s fifty day moving average is $77.53 and its 200 day moving average is $76.97. The stock has a market cap of $25.46 billion, a P/E ratio of 22.21, a P/E/G ratio of 11.73 and a beta of 0.57.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho increased their target price on shares of Zoom Communications from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a research report on Friday, August 22nd. KeyCorp reduced their price objective on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research report on Friday, August 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Thursday. Finally, Dbs Bank raised shares of Zoom Communications to a “moderate buy” rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.30.

About Zoom Communications

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.