Junto Capital Management LP Makes New Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

Junto Capital Management LP acquired a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 448,232 shares of the company's stock, valued at approximately $36,580,000. Junto Capital Management LP owned approximately 0.15% of Zoom Video Communications as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Adero Partners LLC grew its holdings in Zoom Video Communications by 2.4% in the 4th quarter. Adero Partners LLC now owns 5,509 shares of the company's stock worth $450,000 after acquiring an additional 129 shares during the last quarter. GAMMA Investing LLC raised its position in Zoom Video Communications by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company's stock valued at $63,000 after purchasing an additional 164 shares during the last quarter. Principal Securities Inc. grew its position in shares of Zoom Video Communications by 26.9% in the 4th quarter. Principal Securities Inc. now owns 783 shares of the company's stock worth $64,000 after buying an additional 166 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Zoom Video Communications by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,040 shares of the company's stock valued at $330,000 after buying an additional 168 shares during the period. Finally, Global X Japan Co. Ltd. lifted its stake in Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock worth $28,000 after acquiring an additional 190 shares during the period. Institutional investors own 66.54% of the company's stock.

Insider Buying and Selling at Zoom Video Communications

In related news, COO Aparna Bawa sold 16,099 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $72.59, for a total transaction of $1,168,626.41. Following the transaction, the chief operating officer now owns 1,978 shares in the company, valued at approximately $143,583.02. This trade represents a 89.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eric S. Yuan sold 75,531 shares of the firm's stock in a transaction dated 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 sold a total of 164,515 shares of company stock worth $12,132,994 over the last three months. Corporate insiders own 11.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZM. Rosenblatt Securities reissued a "buy" rating and set a $90.00 price objective on shares of Zoom Video Communications in a research report on Thursday. UBS Group dropped their price target on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Benchmark reiterated a "buy" rating and issued a $97.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Citigroup dropped their target price on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price objective on shares of Zoom Video Communications in a research note on Wednesday, March 19th. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zoom Video Communications has an average rating of "Hold" and a consensus price target of $85.90.

Zoom Video Communications Stock Performance

NASDAQ ZM opened at $81.31 on Friday. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The company's 50-day simple moving average is $74.34 and its two-hundred day simple moving average is $79.24.

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.

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