Poinciana Advisors Group LLC purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,891 shares of the company’s stock, valued at approximately $399,000.
Other large investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its stake in shares of Zoom Video Communications by 127.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 258 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Zoom Video Communications during the 3rd quarter worth about $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in Zoom Video Communications during the fourth quarter worth approximately $39,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Zoom Video Communications
In other Zoom Video Communications news, COO Aparna Bawa sold 9,317 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the sale, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at $1,105,830.57. The trade was a 39.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric S. Yuan sold 33,751 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $78.69, for a total transaction of $2,655,866.19. Following the completion of the sale, the chief executive officer now directly owns 34,703 shares in the company, valued at approximately $2,730,779.07. The trade was a 49.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 369,271 shares of company stock worth $29,496,892. Insiders own 10.78% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on Zoom Video Communications
Zoom Video Communications Price Performance
ZM stock opened at $74.20 on Friday. The company has a 50 day moving average price of $80.44 and a 200 day moving average price of $77.63. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The stock has a market capitalization of $22.65 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 5.48 and a beta of 0.26.
About Zoom Video Communications
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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