Sigma Planning Corp reduced its stake in Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 26.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,188 shares of the company’s stock after selling 1,150 shares during the period. Sigma Planning Corp’s holdings in Zoom Video Communications were worth $235,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Global Wealth Management Investment Advisory Inc. increased its stake in 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 purchasing an additional 114 shares during the period. CNB Bank grew its position in shares of Zoom Video Communications by 7.0% in the 2nd quarter. CNB Bank now owns 1,794 shares of the company’s stock worth $194,000 after buying an additional 118 shares during the last quarter. 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 buying an additional 133 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Zoom Video Communications by 6.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,200 shares of the company’s stock worth $238,000 after buying an additional 139 shares during the last quarter. Finally, Bellecapital International Ltd. grew its position in shares of Zoom Video Communications by 2.4% in the 3rd quarter. Bellecapital International Ltd. now owns 6,404 shares of the company’s stock worth $471,000 after buying an additional 152 shares during the last quarter. 52.96% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Zoom Video Communications news, President Gregory Tomb sold 3,752 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $71.85, for a total value of $269,581.20. Following the completion of the sale, the president now owns 27,520 shares in the company, valued at $1,977,312. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Kelly Steckelberg sold 3,224 shares of the company’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $78.60, for a total value of $253,406.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gregory Tomb sold 3,752 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $71.85, for a total value of $269,581.20. Following the completion of the transaction, the president now directly owns 27,520 shares of the company’s stock, valued at approximately $1,977,312. The disclosure for this sale can be found here. Insiders sold a total of 27,666 shares of company stock worth $1,962,945 over the last quarter. 11.24% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Zoom Video Communications Stock Performance
Zoom Video Communications stock opened at $74.57 on Friday. The stock has a market cap of $22.20 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 6.72 and a beta of -0.22. Zoom Video Communications, Inc. has a one year low of $63.55 and a one year high of $136.00. The stock has a fifty day moving average of $71.88 and a 200 day moving average of $78.12.
Zoom Video Communications (NASDAQ:ZM – Get Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Zoom Video Communications had a net margin of 16.07% and a return on equity of 8.86%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. As a group, sell-side analysts predict that Zoom Video Communications, Inc. will post 1 EPS for the current fiscal year.
Zoom Video Communications Company Profile
Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.
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