GAMMA Investing LLC Has $4.71 Million Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

GAMMA Investing LLC lifted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 8,187.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,811 shares of the company's stock after acquiring an additional 63,041 shares during the quarter. GAMMA Investing LLC's holdings in Zoom Video Communications were worth $4,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZM. Parkside Financial Bank & Trust lifted its stake in Zoom Video Communications by 277.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 258 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Zoom Video Communications during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Zoom Video Communications by 177.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock worth $28,000 after purchasing an additional 246 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $32,000. Finally, MRP Capital Investments LLC lifted its holdings in Zoom Video Communications by 500.0% during the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company's stock worth $49,000 after buying an additional 500 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zoom Video Communications

In related news, insider Velchamy Sankarlingam sold 11,839 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total transaction of $851,342.49. Following the transaction, the insider now owns 125,529 shares of the company's stock, valued at approximately $9,026,790.39. The trade was a 8.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $80.67, for a total transaction of $199,658.25. Following the completion of the sale, the director now owns 155,349 shares in the company, valued at $12,532,003.83. This represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,671 shares of company stock worth $7,078,546 over the last 90 days. 11.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on ZM shares. Royal Bank of Canada restated an "outperform" rating and set a $95.00 target price on shares of Zoom Video Communications in a research note on Thursday, May 22nd. William Blair reaffirmed an "outperform" rating on shares of Zoom Video Communications in a research report on Thursday, May 22nd. Citigroup dropped their price target on shares of Zoom Video Communications from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. Piper Sandler boosted their price target on shares of Zoom Video Communications from $77.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, KeyCorp assumed coverage on Zoom Video Communications in a research note on Friday, June 6th. They issued an "underweight" rating and a $73.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $87.00.

Zoom Video Communications Stock Down 1.0%

ZM stock traded down $0.78 during trading on Friday, hitting $76.63. 2,266,932 shares of the company's stock traded hands, compared to its average volume of 2,945,493. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 5.48 and a beta of 0.71. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The stock has a fifty day moving average price of $77.64 and a two-hundred day moving average price of $79.47.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.30 by $0.13. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Zoom Video Communications had a net margin of 20.34% and a return on equity of 10.98%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. As a group, equities research analysts expect that Zoom Video Communications, Inc. will post 2.93 EPS for the current fiscal year.

About Zoom Video 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.