Zoom Communications (NASDAQ:ZM) Director Sells $206,415.00 in Stock

Key Points

• Zoom Communications Director Santiago Subotovsky sold 2,475 shares of the company's stock for approximately $206,415 on September 5th, decreasing his position by 1.57%.
• Analysts have varying outlooks on Zoom's stock, with target prices ranging from $80 to $97, while the consensus rating remains a "Hold".
• The company currently has a market cap of $25.90 billion and a price-to-earnings ratio of 25.40, indicating its stock's performance and valuation.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 2,475 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $83.40, for a total transaction of $206,415.00. Following the transaction, the director owned 155,119 shares in the company, valued at approximately $12,936,924.60. The trade was a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Santiago Subotovsky also recently made the following trade(s):

• On Tuesday, August 26th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $79.65, for a total value of $197,133.75.
• On Wednesday, July 2nd, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $77.17, for a total value of $190,995.75.

Zoom Communications Price Performance

Shares of ZM traded up $0.54 on Tuesday, reaching $85.62. 3,012,319 shares of the stock traded hands, compared to its average volume of 4,102,285. The stock's 50-day moving average price is $76.06 and its 200-day moving average price is $76.36. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 11.98 and a beta of 0.57. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $92.80.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZM shares. Bank of America increased their target price on Zoom Communications from $79.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Stifel Nicolaus cut their price objective on Zoom Communications from $85.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, August 22nd. Benchmark restated a "buy" rating and set a $97.00 target price on shares of Zoom Communications in a report on Tuesday, May 20th. Scotiabank increased their target price on Zoom Communications from $75.00 to $85.00 and gave the stock a "sector perform" rating in a report on Friday, May 16th. Finally, Morgan Stanley raised their price target on shares of Zoom Communications from $79.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of "Hold" and a consensus target price of $90.30.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZM. Wayfinding Financial LLC bought a new stake in Zoom Communications in the first quarter valued at about $25,000. SouthState Corp acquired a new position in shares of Zoom Communications during the 1st quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Zoom Communications in the 2nd quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Zoom Communications by 177.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 246 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company's stock valued at $28,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom 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.

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