Shane Crehan Sells 1,551 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $131,741.94. Following the completion of the sale, the chief accounting officer now owns 3,251 shares in the company, valued at $276,139.94. This represents a 32.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shane Crehan also recently made the following trade(s):

• On Thursday, October 10th, Shane Crehan sold 1,776 shares of Zoom Video Communications stock. The stock was sold at an average price of $69.51, for a total transaction of $123,449.76.
• On Monday, October 7th, Shane Crehan sold 2,478 shares of Zoom Video Communications stock. The stock was sold at an average price of $69.09, for a total value of $171,205.02.

Zoom Video Communications Trading Up 0.5 %

Shares of Zoom Video Communications stock opened at $87.05 on Friday. The firm’s 50-day moving average price is $77.71 and its 200 day moving average price is $67.47. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The firm has a market capitalization of $26.68 billion, a PE ratio of 29.02, a P/E/G ratio of 5.46 and a beta of -0.03.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZM. Benchmark raised their price target on Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their price target on shares of Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on shares of Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Barclays upped their target price on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI raised Zoom Video Communications from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $70.00 to $115.00 in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.19.

Institutional Investors Weigh In On Zoom Video Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in Zoom Video Communications during the second quarter worth about $33,000. Truvestments Capital LLC acquired a new stake in shares of Zoom Video Communications during the 3rd quarter worth approximately $37,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zoom Video Communications during the 2nd quarter valued at approximately $41,000. Allworth Financial LP lifted its holdings in Zoom Video Communications by 43.8% in the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after acquiring an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Zoom Video Communications by 56.0% in the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock worth $53,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.