Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) CEO Eric S. Yuan sold 41,121 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $72.18, for a total transaction of $2,968,113.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Zoom Video Communications Stock Performance
Shares of ZM stock opened at $71.49 on Friday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The firm’s 50 day moving average price is $75.59 and its 200-day moving average price is $78.43. The firm has a market cap of $21.82 billion, a P/E ratio of 23.83, a P/E/G ratio of 5.48 and a beta of 0.67.
Hedge Funds Weigh In On Zoom Video Communications
Several hedge funds have recently bought and sold shares of ZM. Global X Japan Co. Ltd. boosted its stake in shares of Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Zoom Video Communications by 177.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 246 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Zoom Video Communications by 291.2% during the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Zoom Video Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 258 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Zoom Video Communications during the 4th quarter worth $30,000. Institutional investors and hedge funds own 66.54% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on ZM
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.
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