Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg Sells 5,007 Shares

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Kelly Steckelberg sold 5,007 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $57.59, for a total transaction of $288,353.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Kelly Steckelberg also recently made the following trade(s):

• On Wednesday, June 12th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $61.43, for a total transaction of $307,580.01.
• On Wednesday, May 29th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $61.58, for a total transaction of $308,331.06.
• On Wednesday, May 15th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The shares were sold at an average price of $63.36, for a total transaction of $317,243.52.
• On Wednesday, May 1st, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $61.42, for a total transaction of $307,529.94.
• On Wednesday, April 17th, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $59.36, for a total transaction of $297,215.52.
• On Wednesday, April 3rd, Kelly Steckelberg sold 5,007 shares of Zoom Video Communications stock. The stock was sold at an average price of $63.39, for a total transaction of $317,393.73.

Zoom Video Communications Trading Up 1.2 %

Shares of NASDAQ ZM opened at $59.19 on Friday. The firm’s 50-day moving average price is $61.20 and its 200-day moving average price is $64.82. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 8.97 and a beta of -0.01. Zoom Video Communications, Inc. has a 12-month low of $55.63 and a 12-month high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.23. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Zoom Video Communications had a net margin of 18.37% and a return on equity of 10.55%. On average, equities analysts predict that Zoom Video Communications, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

ZM has been the subject of several recent analyst reports. Sanford C. Bernstein dropped their target price on shares of Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Tuesday, May 21st. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Tuesday, May 21st. Evercore ISI dropped their price objective on shares of Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating for the company in a report on Tuesday, May 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.44.

Institutional Trading of Zoom Video Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZM. Principal Securities Inc. purchased a new stake in Zoom Video Communications in the 4th quarter worth about $25,000. Quadrant Capital Group LLC raised its position in Zoom Video Communications by 269.7% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $26,000 after purchasing an additional 267 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Zoom Video Communications in the 4th quarter worth about $32,000. Rakuten Securities Inc. purchased a new position in shares of Zoom Video Communications during the fourth quarter worth approximately $43,000. Finally, GAMMA Investing LLC purchased a new position in shares of Zoom Video Communications during the fourth quarter worth approximately $48,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

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.