Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lessened its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,497 shares of the company’s stock after selling 375 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Zoom Video Communications were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. AM Squared Ltd acquired a new position in shares of Zoom Video Communications in the 3rd quarter worth approximately $28,000. Money Concepts Capital Corp grew its position in shares of Zoom Video Communications by 821.2% in the 4th quarter. Money Concepts Capital Corp now owns 479 shares of the company’s stock worth $32,000 after acquiring an additional 427 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Zoom Video Communications by 63.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Allworth Financial LP grew its position in shares of Zoom Video Communications by 101.4% in the 3rd quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $39,000 after acquiring an additional 282 shares in the last quarter. Finally, Neo Ivy Capital Management grew its position in shares of Zoom Video Communications by 56.8% in the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Transactions at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 27,963 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total value of $1,733,146.74. Following the sale, the chief executive officer now owns 95,140 shares of the company’s stock, valued at approximately $5,896,777.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Shane Crehan sold 5,099 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.97, for a total transaction of $321,084.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eric S. Yuan sold 27,963 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total value of $1,733,146.74. Following the sale, the chief executive officer now directly owns 95,140 shares in the company, valued at $5,896,777.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,456 shares of company stock valued at $5,539,710. Corporate insiders own 11.28% of the company’s stock.

Zoom Video Communications Stock Up 0.1 %

Zoom Video Communications stock traded up $0.05 during mid-day trading on Wednesday, hitting $59.33. 313,622 shares of the company’s stock traded hands, compared to its average volume of 3,306,453. The firm has a 50 day moving average price of $65.12 and a 200 day moving average price of $66.12. The company has a market cap of $18.25 billion, a PE ratio of 29.06 and a beta of -0.07. Zoom Video Communications, Inc. has a one year low of $58.87 and a one year high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts expect that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BNP Paribas lowered Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research report on Thursday, January 18th. Jefferies Financial Group assumed coverage on Zoom Video Communications in a research report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 target price for the company. Wells Fargo & Company lowered Zoom Video Communications from an “equal weight” rating to an “underweight” rating and set a $70.00 price objective for the company. in a research report on Wednesday, December 20th. Piper Sandler boosted their price objective on Zoom Video Communications from $69.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.56.

Zoom Video Communications 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.