Zoom Video Communications Inc (NASDAQ:ZM) Director Kimberly Hammonds Sells 37,500 Shares

Zoom Video Communications Inc (NASDAQ:ZM) Director Kimberly Hammonds sold 37,500 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $65.77, for a total transaction of $2,466,375.00.

ZM opened at $62.00 on Wednesday. The stock has a 50-day moving average price of $77.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.00 and a current ratio of 4.00. Zoom Video Communications Inc has a twelve month low of $59.94 and a twelve month high of $107.34.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Thursday, September 5th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. The firm had revenue of $145.80 million during the quarter, compared to the consensus estimate of $130.55 million. The firm’s revenue for the quarter was up 95.7% on a year-over-year basis. Analysts expect that Zoom Video Communications Inc will post -0.03 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Zoom Video Communications from $113.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Goldman Sachs Group cut shares of Zoom Video Communications from a “neutral” rating to a “sell” rating and increased their price objective for the company from $53.00 to $66.00 in a research note on Sunday, June 30th. Citigroup dropped their price objective on shares of Zoom Video Communications from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Bank of America increased their price objective on shares of Zoom Video Communications from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Co increased their price objective on shares of Zoom Video Communications from $75.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Zoom Video Communications has an average rating of “Hold” and a consensus price target of $88.53.

Several institutional investors and hedge funds have recently bought and sold shares of ZM. Broadleaf Partners LLC raised its position in shares of Zoom Video Communications by 66.8% in the 3rd quarter. Broadleaf Partners LLC now owns 26,568 shares of the company’s stock valued at $2,024,000 after acquiring an additional 10,638 shares during the period. Wedbush Securities Inc. raised its position in shares of Zoom Video Communications by 54.5% in the 3rd quarter. Wedbush Securities Inc. now owns 3,832 shares of the company’s stock valued at $292,000 after acquiring an additional 1,352 shares during the period. G&S Capital LLC acquired a new stake in shares of Zoom Video Communications in the 3rd quarter valued at approximately $28,000. Gateway Investment Advisers LLC acquired a new stake in shares of Zoom Video Communications in the 3rd quarter valued at approximately $2,911,000. Finally, Dfpg Investments Inc. raised its position in shares of Zoom Video Communications by 84.9% in the 3rd quarter. Dfpg Investments Inc. now owns 5,122 shares of the company’s stock valued at $377,000 after acquiring an additional 2,352 shares during the period. 9.03% of the stock is currently owned by institutional investors and hedge funds.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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