Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,053 shares of the company's stock after selling 52,412 shares during the period. Transcend Capital Advisors LLC's holdings in Zoom Video Communications were worth $6,332,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Zoom Video Communications by 9.3% in the 4th quarter. Russell Investments Group Ltd. now owns 270,245 shares of the company's stock valued at $19,677,000 after acquiring an additional 22,897 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of Zoom Video Communications by 6.9% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,187 shares of the company's stock valued at $589,000 after acquiring an additional 532 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Zoom Video Communications by 28.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,147 shares of the company's stock valued at $586,000 after acquiring an additional 1,816 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Zoom Video Communications by 11.9% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,303 shares of the company's stock valued at $525,000 after acquiring an additional 775 shares during the last quarter. Finally, Wynn Capital LLC purchased a new stake in shares of Zoom Video Communications in the 4th quarter valued at $618,000. Hedge funds and other institutional investors own 66.54% of the company's stock.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM traded up $0.96 during midday trading on Friday, hitting $62.00. The company's stock had a trading volume of 2,801,169 shares, compared to its average volume of 2,752,088. The business's fifty day simple moving average is $64.57 and its two-hundred day simple moving average is $65.77. Zoom Video Communications, Inc. has a 1 year low of $58.87 and a 1 year high of $75.90. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 30.39 and a beta of -0.07.

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

Insider Activity at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 2,421 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $63.69, for a total value of $154,193.49. Following the sale, the chief executive officer now owns 90,001 shares of the company's stock, valued at $5,732,163.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Eric S. Yuan sold 2,421 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $63.69, for a total value of $154,193.49. Following the sale, the chief executive officer now owns 90,001 shares of the company's stock, valued at $5,732,163.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Shane Crehan sold 1,931 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total transaction of $135,170.00. The disclosure for this sale can be found here. Insiders have sold a total of 93,224 shares of company stock valued at $5,872,091 over the last 90 days. 11.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ZM. Piper Sandler upped their price objective on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a "neutral" rating in a research report on Friday, January 12th. Jefferies Financial Group started coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They issued a "hold" rating and a $70.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating for the company in a research report 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 report on Tuesday, February 27th. Finally, BNP Paribas cut shares of Zoom Video Communications from a "neutral" rating to an "underperform" rating and set a $60.00 target price for the company. in a research report on Thursday, January 18th. Two 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. According to data from MarketBeat, Zoom Video Communications has a consensus rating of "Hold" and an average price target of $77.56.

Zoom Video Communications Company 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.