11,447 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Acquired by JT Stratford LLC

JT Stratford LLC purchased a new position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,447 shares of the company's stock, valued at approximately $934,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Focus Partners Advisor Solutions LLC bought a new stake in Zoom Video Communications in the 4th quarter valued at approximately $275,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Zoom Video Communications by 2.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,174,025 shares of the company's stock valued at $340,642,000 after purchasing an additional 87,775 shares during the last quarter. Vident Advisory LLC acquired a new position in Zoom Video Communications during the fourth quarter worth $365,000. Sphera Management Technology Funds Ltd bought a new position in Zoom Video Communications in the fourth quarter valued at $816,000. Finally, Tidal Investments LLC increased its stake in Zoom Video Communications by 0.9% in the 4th quarter. Tidal Investments LLC now owns 37,119 shares of the company's stock valued at $3,029,000 after buying an additional 319 shares during the last quarter. Institutional investors own 66.54% of the company's stock.

Zoom Video Communications Stock Up 1.4%

Shares of NASDAQ ZM traded up $1.13 during midday trading on Wednesday, reaching $80.03. The company had a trading volume of 772,878 shares, compared to its average volume of 2,975,408. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The firm's fifty day moving average price is $76.12 and its 200-day moving average price is $79.74. The stock has a market cap of $24.43 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79.

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

Analyst Ratings Changes

ZM has been the topic of several analyst reports. UBS Group dropped their target price on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Needham & Company LLC upgraded Zoom Video Communications from a "hold" rating to a "moderate buy" rating and set a $100.00 price objective on the stock in a research note on Thursday, May 22nd. Scotiabank increased their price objective on Zoom Video Communications from $75.00 to $85.00 and gave the company a "sector perform" rating in a report on Friday, May 16th. Piper Sandler raised their target price on shares of Zoom Video Communications from $77.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Mizuho dropped their price target on shares of Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Fifteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $87.61.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 11,839 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total value of $851,342.49. Following the completion of the transaction, the insider now directly owns 125,529 shares in the company, valued at $9,026,790.39. This represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 75,531 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Insiders have sold a total of 164,515 shares of company stock worth $12,132,994 over the last quarter. Company insiders own 11.51% of the company's stock.

Zoom Video Communications 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.