Aparna Bawa Sells 831 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 831 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $66.29, for a total transaction of $55,086.99. Following the completion of the sale, the chief operating officer now owns 1,978 shares of the company’s stock, valued at approximately $131,121.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Aparna Bawa also recently made the following trade(s):

• On Thursday, September 5th, Aparna Bawa sold 880 shares of Zoom Video Communications stock. The stock was sold at an average price of $68.09, for a total value of $59,919.20.
• On Thursday, July 18th, Aparna Bawa sold 10,332 shares of Zoom Video Communications stock. The shares were sold at an average price of $56.81, for a total value of $586,960.92.
• On Tuesday, July 9th, Aparna Bawa sold 11,060 shares of Zoom Video Communications stock. The stock was sold at an average price of $57.15, for a total value of $632,079.00.

Zoom Video Communications Price Performance

Shares of ZM stock opened at $67.59 on Friday. The stock’s fifty day simple moving average is $61.69 and its 200 day simple moving average is $62.37. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $74.77. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 5.84 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Zoom Video Communications, Inc. will post 2.69 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new position in shares of Zoom Video Communications during the fourth quarter worth $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Zoom Video Communications by 269.7% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after buying an additional 267 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Zoom Video Communications in the fourth quarter valued at $32,000. Innealta Capital LLC bought a new position in shares of Zoom Video Communications in the second quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Zoom Video Communications in the 2nd quarter valued at about $36,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZM shares. Stifel Nicolaus lowered their price target on Zoom Video Communications from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. UBS Group raised shares of Zoom Video Communications to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Thursday, August 22nd. Finally, Robert W. Baird lowered their target price on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.10.

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.