Strategic Investment Solutions Inc. IL Makes New $207,000 Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

Strategic Investment Solutions Inc. IL purchased a new position in Zoom Video Communications, Inc. (NASDAQ:ZM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,490 shares of the company’s stock, valued at approximately $207,000.

Several other large investors also recently made changes to their positions in ZM. Vanguard Group Inc. boosted its holdings in Zoom Video Communications by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock valued at $1,683,950,000 after acquiring an additional 721,923 shares during the period. AQR Capital Management LLC boosted its stake in Zoom Video Communications by 78.5% during the 2nd quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after purchasing an additional 2,520,987 shares during the period. Pacer Advisors Inc. grew its holdings in Zoom Video Communications by 96.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after buying an additional 2,579,720 shares during the last quarter. Acadian Asset Management LLC increased its position in Zoom Video Communications by 60.9% in the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after buying an additional 1,855,679 shares during the period. Finally, FIL Ltd lifted its holdings in shares of Zoom Video Communications by 1.3% during the fourth quarter. FIL Ltd now owns 3,069,797 shares of the company’s stock worth $220,749,000 after buying an additional 40,456 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of a number of research reports. UBS Group raised shares of Zoom Video Communications to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Bank of America decreased their target price on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Finally, Morgan Stanley lowered their price objective on Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.68.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $68.64 on Wednesday. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $74.77. The stock has a market capitalization of $21.23 billion, a PE ratio of 25.61, a PEG ratio of 5.99 and a beta of -0.05. The stock’s fifty day moving average is $64.13 and its 200-day moving average is $62.31.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Velchamy Sankarlingam sold 3,272 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $57.15, for a total value of $186,994.80. Following the transaction, the insider now owns 82,792 shares in the company, valued at $4,731,562.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Zoom Video Communications news, CAO Shane Crehan sold 2,493 shares of Zoom Video Communications stock in a transaction on Monday, July 8th. The shares were sold at an average price of $58.26, for a total transaction of $145,242.18. Following the completion of the sale, the chief accounting officer now owns 2,367 shares of the company’s stock, valued at approximately $137,901.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,272 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $57.15, for a total value of $186,994.80. Following the completion of the transaction, the insider now directly owns 82,792 shares in the company, valued at approximately $4,731,562.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,908 shares of company stock valued at $7,373,459. 10.78% of the stock is currently owned by corporate insiders.

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.