Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) CFO Kelly Steckelberg sold 6,700 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $104.04, for a total value of $697,068.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 27th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The shares were sold at an average price of $108.61, for a total value of $727,687.00.
• On Wednesday, May 25th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The shares were sold at an average price of $100.27, for a total value of $671,809.00.
• On Monday, April 25th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $100.00, for a total value of $670,000.00.
• On Friday, April 8th, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $111.55, for a total value of $747,385.00.
• On Monday, March 21st, Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock. The stock was sold at an average price of $116.42, for a total value of $780,014.00.

Shares of ZM stock traded up $6.07 during trading hours on Wednesday, reaching $112.93. The company had a trading volume of 5,946,109 shares, compared to its average volume of 5,054,955. The stock has a fifty day moving average of $102.88 and a 200-day moving average of $133.73. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 3.20 and a beta of -0.67. Zoom Video Communications, Inc. has a 12-month low of $79.03 and a 12-month high of $406.48.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last posted its quarterly earnings results on Monday, May 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Zoom Video Communications had a return on equity of 16.56% and a net margin of 29.91%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, analysts anticipate that Zoom Video Communications, Inc. will post 1.75 earnings per share for the current fiscal year.

A number of brokerages have weighed in on ZM. Exane BNP Paribas began coverage on Zoom Video Communications in a research report on Tuesday, March 29th. They set a “neutral” rating and a $110.00 target price for the company. Wolfe Research lowered Zoom Video Communications from an “outperform” rating to a “peer perform” rating and decreased their target price for the company from $140.00 to $100.00 in a research report on Wednesday, March 2nd. Wells Fargo & Company decreased their target price on Zoom Video Communications from $145.00 to $105.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 15th. TheStreet upgraded Zoom Video Communications from a “d” rating to a “c” rating in a report on Monday, April 18th. Finally, Barclays cut their price target on Zoom Video Communications from $150.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday, May 19th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zoom Video Communications currently has an average rating of “Hold” and an average price target of $169.42.

Institutional investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in Zoom Video Communications during the fourth quarter worth $26,000. Ellevest Inc. lifted its stake in Zoom Video Communications by 94.8% during the fourth quarter. Ellevest Inc. now owns 150 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. BerganKDV Wealth Management LLC raised its stake in shares of Zoom Video Communications by 144.4% in the fourth quarter. BerganKDV Wealth Management LLC now owns 154 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of Zoom Video Communications by 1,035.7% in the fourth quarter. Global Trust Asset Management LLC now owns 159 shares of the company’s stock valued at $29,000 after acquiring an additional 145 shares in the last quarter. Finally, City State Bank acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at $29,000. Institutional investors own 55.94% of the company’s stock.

Zoom Video Communications Company Profile (Get Rating)

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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