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

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

Several other large investors have also bought and sold shares of ZM. Crossmark Global Holdings Inc. increased its stake in shares of Zoom Video Communications by 464.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 16,374 shares of the company's stock valued at $1,336,000 after acquiring an additional 13,471 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Zoom Video Communications by 6.0% in the 4th quarter. Atomi Financial Group Inc. now owns 6,677 shares of the company's stock valued at $545,000 after purchasing an additional 376 shares during the period. Simon Quick Advisors LLC bought a new position in shares of Zoom Video Communications during the fourth quarter worth about $320,000. Dakota Wealth Management bought a new stake in Zoom Video Communications in the 4th quarter valued at approximately $849,000. Finally, Avior Wealth Management LLC grew its stake in shares of Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after acquiring an additional 265 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Video Communications Price Performance

NASDAQ:ZM traded down $0.40 during mid-day trading on Tuesday, reaching $78.88. The stock had a trading volume of 2,371,175 shares, compared to its average volume of 2,983,560. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The stock has a market capitalization of $24.08 billion, a PE ratio of 26.29, a P/E/G ratio of 5.48 and a beta of 0.79. The stock has a 50-day simple moving average of $76.06 and a two-hundred day simple moving average of $79.74.

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

Insider Activity

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 11,839 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was 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 owns 125,529 shares of the company's stock, valued at $9,026,790.39. This represents a 8.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric S. Yuan sold 75,531 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total value of $5,663,314.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,515 shares of company stock worth $12,132,994. Corporate insiders own 11.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ZM shares. JPMorgan Chase & Co. lifted their price target on shares of Zoom Video Communications from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Piper Sandler increased their price target on Zoom Video Communications from $77.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Barclays dropped their price objective on Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $97.00 target price on shares of Zoom Video Communications in a report on Tuesday, May 20th. Finally, Stifel Nicolaus dropped their price target on shares of 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. Fifteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.61.

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.