Yousif Capital Management LLC Has $276,000 Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Yousif Capital Management LLC reduced its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,377 shares of the company’s stock after selling 440 shares during the period. Yousif Capital Management LLC’s holdings in Zoom Video Communications were worth $276,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its stake in Zoom Video Communications by 18.5% in the third quarter. Creative Planning now owns 34,522 shares of the company’s stock valued at $2,408,000 after purchasing an additional 5,396 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Zoom Video Communications by 28.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,306 shares of the company’s stock valued at $1,695,000 after buying an additional 5,343 shares in the last quarter. Claro Advisors LLC acquired a new stake in Zoom Video Communications during the 3rd quarter worth $276,000. Blue Trust Inc. lifted its holdings in Zoom Video Communications by 117.7% during the third quarter. Blue Trust Inc. now owns 5,105 shares of the company’s stock worth $356,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Zoom Video Communications by 0.7% in the third quarter. Raymond James & Associates now owns 53,089 shares of the company’s stock valued at $3,702,000 after acquiring an additional 383 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Stock Down 0.1 %

NASDAQ ZM opened at $85.10 on Tuesday. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The firm has a 50-day moving average price of $83.29 and a two-hundred day moving average price of $75.41. The company has a market capitalization of $26.08 billion and a P/E ratio of 28.37.

Insider Buying and Selling

In related news, CAO Shane Crehan sold 1,551 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $131,741.94. Following the sale, the chief accounting officer now directly owns 3,251 shares of the company’s stock, valued at approximately $276,139.94. The trade was a 32.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 118,036 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $79.03, for a total transaction of $9,328,385.08. The disclosure for this sale can be found here. Insiders sold 382,242 shares of company stock valued at $31,230,938 over the last quarter. 10.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZM has been the subject of several research analyst reports. UBS Group upped their price target on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Bank of America upped their target price on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Jefferies Financial Group upgraded Zoom Video Communications from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $100.00 in a report on Thursday, December 19th. Cantor Fitzgerald started coverage on Zoom Video Communications in a report on Friday, January 17th. They issued a “neutral” rating and a $87.00 price target on the stock. Finally, Scotiabank upgraded Zoom Video Communications to a “hold” rating in a report on Tuesday, November 19th. Sixteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $89.10.

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.