UniSuper Management Pty Ltd Has $392,000 Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

UniSuper Management Pty Ltd cut its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 20.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,800 shares of the company’s stock after selling 1,200 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Zoom Video Communications were worth $392,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Adero Partners LLC lifted its holdings in shares of Zoom Video Communications by 2.4% in the fourth quarter. Adero Partners LLC now owns 5,509 shares of the company’s stock valued at $450,000 after purchasing an additional 129 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in Zoom Video Communications by 1.9% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after acquiring an additional 131 shares in the last quarter. MML Investors Services LLC boosted its position in Zoom Video Communications by 1.4% during the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock worth $655,000 after acquiring an additional 132 shares during the last quarter. MetLife Investment Management LLC boosted its position in Zoom Video Communications by 3.4% during the 3rd quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after acquiring an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Zoom Video Communications by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after acquiring an additional 164 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Shane Crehan sold 1,412 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $111,110.28. Following the sale, the chief accounting officer now directly owns 5,404 shares of the company’s stock, valued at approximately $425,240.76. This represents a 20.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 33,751 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $78.69, for a total value of $2,655,866.19. Following the completion of the transaction, the chief executive officer now directly owns 34,703 shares of the company’s stock, valued at approximately $2,730,779.07. This trade represents a 49.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 371,746 shares of company stock worth $29,689,595 in the last quarter. 10.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on ZM shares. Rosenblatt Securities restated a “buy” rating and set a $95.00 target price on shares of Zoom Video Communications in a report on Wednesday, March 19th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Morgan Stanley lifted their target price on Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Citigroup reduced their price target on Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $87.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $89.33.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM opened at $73.77 on Tuesday. The stock’s fifty day moving average price is $79.69 and its two-hundred day moving average price is $78.36. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80.

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.