Zoom Video Communications, Inc. (NASDAQ:ZM) Director Sells $195,079.50 in Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $78.82, for a total value of $195,079.50. Following the completion of the sale, the director now directly owns 157,824 shares in the company, valued at $12,439,687.68. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Santiago Subotovsky also recently made the following trade(s):

• On Thursday, April 24th, Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock. The shares were sold at an average price of $75.43, for a total value of $186,689.25.
• On Monday, March 24th, Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock. The stock was sold at an average price of $77.86, for a total value of $192,703.50.

Zoom Video Communications Trading Up 0.8 %

Shares of Zoom Video Communications stock opened at $78.64 on Thursday. The stock has a 50-day moving average price of $74.09 and a 200 day moving average price of $79.08. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The company has a market cap of $24.00 billion, a P/E ratio of 26.21, a P/E/G ratio of 5.48 and a beta of 0.79.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ZM shares. Mizuho lowered their price target on Zoom Video Communications from $105.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. UBS Group lowered their target price on Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Benchmark reissued a “buy” rating and set a $97.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their target price on Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. Finally, Rosenblatt Securities lowered their target price on Zoom Video Communications from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average price target of $85.90.

Institutional Investors Weigh In On Zoom Video Communications

Institutional investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC bought a new position in shares of Zoom Video Communications in the fourth quarter worth about $1,072,000. Nordea Investment Management AB increased its position in shares of Zoom Video Communications by 202.8% in the fourth quarter. Nordea Investment Management AB now owns 779,051 shares of the company’s stock valued at $64,054,000 after acquiring an additional 521,778 shares during the last quarter. Swedbank AB grew its holdings in Zoom Video Communications by 96.3% during the fourth quarter. Swedbank AB now owns 82,247 shares of the company’s stock worth $6,712,000 after purchasing an additional 40,351 shares during the period. Asset Management One Co. Ltd. raised its holdings in Zoom Video Communications by 8.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 93,872 shares of the company’s stock valued at $7,868,000 after acquiring an additional 7,518 shares during the period. Finally, Silver Lake Advisory LLC grew its position in shares of Zoom Video Communications by 13.3% during the 4th quarter. Silver Lake Advisory LLC now owns 40,325 shares of the company’s stock worth $3,291,000 after purchasing an additional 4,745 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

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.