Aparna Bawa Sells 21,968 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM - Get Free Report) COO Aparna Bawa sold 21,968 shares of Zoom Video Communications stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $60.18, for a total value of $1,322,034.24. Following the completion of the transaction, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at $119,036.04. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aparna Bawa also recently made the following trade(s):

• On Monday, March 18th, Aparna Bawa sold 816 shares of Zoom Video Communications stock. The stock was sold at an average price of $66.60, for a total value of $54,345.60.

Zoom Video Communications Trading Up 0.2 %

Shares of ZM traded up $0.09 on Monday, reaching $59.54. 2,904,695 shares of the company's stock traded hands, compared to its average volume of 3,326,622. The stock's 50 day simple moving average is $64.82 and its two-hundred day simple moving average is $65.94. The stock has a market cap of $18.31 billion, a PE ratio of 29.41 and a beta of -0.07. Zoom Video Communications, Inc. has a 52-week low of $58.87 and a 52-week high of $75.90.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. Analysts forecast that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Rosenblatt Securities upgraded Zoom Video Communications from a "neutral" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Thursday. Jefferies Financial Group began coverage on Zoom Video Communications in a report on Tuesday, March 19th. They issued a "hold" rating and a $70.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, February 27th. Wedbush reaffirmed a "neutral" rating and issued a $80.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Finally, BNP Paribas lowered shares of Zoom Video Communications from a "neutral" rating to an "underperform" rating and set a $60.00 target price on the stock. in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $77.56.

Institutional Trading of Zoom Video Communications

A number of large investors have recently bought and sold shares of the company. Pearl River Capital LLC boosted its stake in Zoom Video Communications by 31.6% in the 3rd quarter. Pearl River Capital LLC now owns 37,190 shares of the company's stock worth $2,601,000 after purchasing an additional 8,928 shares during the period. California Public Employees Retirement System increased its holdings in Zoom Video Communications by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 460,836 shares of the company's stock worth $32,231,000 after acquiring an additional 14,945 shares during the period. CIBC Asset Management Inc lifted its stake in Zoom Video Communications by 15.9% in the 3rd quarter. CIBC Asset Management Inc now owns 42,353 shares of the company's stock worth $2,962,000 after purchasing an additional 5,826 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Zoom Video Communications by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company's stock valued at $1,587,326,000 after purchasing an additional 1,000,005 shares during the period. Finally, Galvin Gaustad & Stein LLC grew its position in shares of Zoom Video Communications by 25.4% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 328,048 shares of the company's stock valued at $23,590,000 after purchasing an additional 66,433 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.