Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP increased its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,204 shares of the company's stock after acquiring an additional 17,359 shares during the quarter. Smith Graham & Co. Investment Advisors LP's holdings in Zoom Video Communications were worth $5,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of Zoom Video Communications by 61.0% during the first quarter. Renaissance Technologies LLC now owns 6,449,306 shares of the company's stock worth $756,052,000 after purchasing an additional 2,444,294 shares during the last quarter. Norges Bank bought a new stake in shares of Zoom Video Communications in the fourth quarter valued at about $98,156,000. Acadian Asset Management LLC raised its holdings in shares of Zoom Video Communications by 639.9% in the third quarter. Acadian Asset Management LLC now owns 1,629,081 shares of the company's stock valued at $113,916,000 after acquiring an additional 1,408,908 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Zoom Video Communications by 4.6% in the third quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company's stock valued at $1,587,326,000 after acquiring an additional 1,000,005 shares in the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of Zoom Video Communications by 7.7% in the fourth quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company's stock valued at $788,463,000 after acquiring an additional 781,663 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Video Communications Stock Down 1.4 %

Shares of Zoom Video Communications stock traded down $0.89 on Friday, reaching $61.63. 2,700,517 shares of the stock were exchanged, compared to its average volume of 3,363,635. Zoom Video Communications, Inc. has a twelve month low of $58.87 and a twelve month high of $75.90. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 30.21 and a beta of -0.07. The business has a 50 day moving average price of $65.28 and a two-hundred day moving average price of $66.27.

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

Insider Buying and Selling at Zoom Video Communications

In other news, COO Aparna Bawa sold 19,207 shares of the company's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $67.00, for a total transaction of $1,286,869.00. Following the completion of the transaction, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at approximately $132,526. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Aparna Bawa sold 19,207 shares of the company's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $67.00, for a total transaction of $1,286,869.00. Following the completion of the transaction, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at approximately $132,526. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric S. Yuan sold 27,963 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total value of $1,733,146.74. Following the transaction, the chief executive officer now directly owns 95,140 shares of the company's stock, valued at $5,896,777.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,456 shares of company stock valued at $5,539,710. 11.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Rosenblatt Securities restated a "neutral" rating and issued a $75.00 price objective on shares of Zoom Video Communications in a report on Tuesday, March 26th. Jefferies Financial Group began coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They issued a "hold" rating and a $70.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 27th. Wedbush reiterated a "neutral" rating and issued a $80.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Finally, Wells Fargo & Company lowered Zoom Video Communications from an "equal weight" rating to an "underweight" rating and set a $70.00 target price on the stock. in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Zoom Video Communications currently has an average rating of "Hold" and a consensus price target of $77.56.

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.