Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) CRO Sells 400 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CRO Ryan Azus sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $350.00, for a total transaction of $140,000.00. Following the completion of the sale, the executive now directly owns 36,092 shares of the company’s stock, valued at $12,632,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ryan Azus also recently made the following trade(s):

  • On Wednesday, April 21st, Ryan Azus sold 6,250 shares of Zoom Video Communications stock. The stock was sold at an average price of $319.61, for a total transaction of $1,997,562.50.
  • On Wednesday, April 7th, Ryan Azus sold 6,250 shares of Zoom Video Communications stock. The shares were sold at an average price of $323.90, for a total transaction of $2,024,375.00.
  • On Wednesday, March 24th, Ryan Azus sold 6,250 shares of Zoom Video Communications stock. The shares were sold at an average price of $323.68, for a total transaction of $2,023,000.00.
  • On Monday, March 15th, Ryan Azus sold 3,454 shares of Zoom Video Communications stock. The shares were sold at an average price of $347.34, for a total transaction of $1,199,712.36.

ZM stock opened at $346.50 on Friday. The stock’s fifty day moving average is $321.51. Zoom Video Communications, Inc. has a one year low of $216.75 and a one year high of $588.84. The company has a market capitalization of $101.77 billion, a PE ratio of 154.00, a price-to-earnings-growth ratio of 10.01 and a beta of -1.49.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings data on Monday, May 31st. The company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.33. Zoom Video Communications had a net margin of 25.34% and a return on equity of 37.79%. The firm had revenue of $956.24 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the previous year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 191.4% compared to the same quarter last year. As a group, analysts expect that Zoom Video Communications, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oder Investment Management LLC acquired a new stake in shares of Zoom Video Communications during the fourth quarter worth $25,000. First Horizon Advisors Inc. lifted its holdings in shares of Zoom Video Communications by 115.0% during the first quarter. First Horizon Advisors Inc. now owns 86 shares of the company’s stock worth $27,000 after buying an additional 46 shares in the last quarter. Mascoma Wealth Management LLC acquired a new stake in shares of Zoom Video Communications during the first quarter worth $31,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Zoom Video Communications during the first quarter worth $31,000. Finally, tru Independence LLC acquired a new stake in shares of Zoom Video Communications during the fourth quarter worth $32,000. 42.43% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Zoom Video Communications in a report on Tuesday, April 20th. They issued a “buy” rating on the stock. Rosenblatt Securities increased their price objective on shares of Zoom Video Communications from $350.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, March 2nd. Morgan Stanley increased their price objective on shares of Zoom Video Communications from $390.00 to $420.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 2nd. BTIG Research reduced their target price on shares of Zoom Video Communications from $550.00 to $495.00 and set a “buy” rating on the stock in a research note on Wednesday, June 2nd. They noted that the move was a valuation call. Finally, Daiwa Capital Markets initiated coverage on shares of Zoom Video Communications in a research report on Wednesday, March 31st. They issued a “sell” rating and a $250.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $426.19.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first 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 that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.

Featured Story: Different Types of Derivatives

Insider Buying and Selling by Quarter for Zoom Video Communications (NASDAQ:ZM)

Receive News & Ratings for Zoom Video Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Video Communications and related companies with MarketBeat.com's FREE daily email newsletter.