Jump Financial LLC Purchases New Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Jump Financial LLC 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 filing with the Securities & Exchange Commission. The institutional investor acquired 19,100 shares of the company's stock, valued at approximately $1,373,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of Zoom Video Communications by 4.0% in the third quarter. Raymond James & Associates now owns 82,788 shares of the company's stock worth $5,790,000 after acquiring an additional 3,203 shares in the last quarter. TD Asset Management Inc grew its position in shares of Zoom Video Communications by 17.1% in the 3rd quarter. TD Asset Management Inc now owns 66,239 shares of the company's stock valued at $4,633,000 after purchasing an additional 9,667 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Zoom Video Communications by 23.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,915 shares of the company's stock worth $1,323,000 after purchasing an additional 3,573 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Zoom Video Communications by 15.9% during the 3rd quarter. CIBC Asset Management Inc now owns 42,353 shares of the company's stock worth $2,962,000 after buying an additional 5,826 shares during the period. Finally, Yousif Capital Management LLC bought a new position in Zoom Video Communications in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZM shares. Wedbush reissued a "neutral" rating and set a $80.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Rosenblatt Securities upgraded shares of Zoom Video Communications from a "neutral" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their price target on shares of 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. Jefferies Financial Group started coverage on shares of Zoom Video Communications in a research note on Tuesday, March 19th. They issued a "hold" rating and a $70.00 price target on the stock. Finally, Mizuho decreased their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Zoom Video Communications presently has an average rating of "Hold" and an average price target of $77.56.

Zoom Video Communications Stock Up 0.2 %

Shares of Zoom Video Communications stock traded up $0.15 during trading on Thursday, reaching $63.96. 2,610,656 shares of the stock were exchanged, compared to its average volume of 3,216,917. The stock's fifty day moving average is $63.65 and its 200 day moving average is $65.79. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 31.28 and a beta of -0.05. Zoom Video Communications, Inc. has a 1 year low of $58.87 and a 1 year 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 for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.13 billion. Equities analysts forecast that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.

Insider Transactions at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 2,420 shares of Zoom Video Communications stock in a transaction on Monday, March 4th. The shares were sold at an average price of $69.84, for a total transaction of $169,012.80. Following the transaction, the chief executive officer now owns 85,160 shares in the company, valued at approximately $5,947,574.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Aparna Bawa sold 816 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $66.60, for a total value of $54,345.60. Following the completion of the sale, the chief operating officer now owns 1,978 shares of the company's stock, valued at approximately $131,734.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric S. Yuan sold 2,420 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $69.84, for a total value of $169,012.80. Following the completion of the sale, the chief executive officer now directly owns 85,160 shares of the company's stock, valued at approximately $5,947,574.40. The disclosure for this sale can be found here. Insiders have sold 96,163 shares of company stock worth $6,038,858 in the last 90 days. 10.78% of the stock is currently owned by insiders.

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.