Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) Director Santiago Subotovsky sold 2,067 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $68.58, for a total transaction of $141,754.86. Following the completion of the sale, the director now directly owns 170,028 shares of the company’s stock, valued at approximately $11,660,520.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Santiago Subotovsky also recently made the following trade(s):
- On Wednesday, July 5th, Santiago Subotovsky sold 2,067 shares of Zoom Video Communications stock. The shares were sold at an average price of $67.80, for a total transaction of $140,142.60.
- On Wednesday, June 14th, Santiago Subotovsky sold 2,070 shares of Zoom Video Communications stock. The shares were sold at an average price of $68.25, for a total transaction of $141,277.50.
Zoom Video Communications Stock Down 1.6 %
Shares of NASDAQ:ZM opened at $67.55 on Wednesday. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of 159.67 and a beta of -0.21. The firm’s 50 day moving average price is $69.16 and its 200 day moving average price is $69.67. Zoom Video Communications, Inc. has a fifty-two week low of $60.45 and a fifty-two week high of $114.99.
Hedge Funds Weigh In On Zoom Video Communications
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Zoom Video Communications by 17.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 101,741 shares of the company’s stock valued at $6,906,000 after buying an additional 14,833 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. grew its position in Zoom Video Communications by 49.3% in the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 17,568 shares of the company’s stock valued at $1,188,000 after buying an additional 5,801 shares during the last quarter. Rhumbline Advisers lifted its holdings in Zoom Video Communications by 4.5% in the second quarter. Rhumbline Advisers now owns 297,980 shares of the company’s stock valued at $20,227,000 after acquiring an additional 12,760 shares during the period. Gagnon Securities LLC lifted its holdings in Zoom Video Communications by 9.9% in the second quarter. Gagnon Securities LLC now owns 4,540 shares of the company’s stock valued at $308,000 after acquiring an additional 409 shares during the period. Finally, Machina Capital S.A.S. acquired a new stake in Zoom Video Communications in the second quarter valued at $204,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Moffett Nathanson raised shares of Zoom Video Communications from an “underperform” rating to a “market perform” rating and set a $85.00 price objective for the company in a report on Tuesday, May 23rd. Piper Sandler lowered their target price on shares of Zoom Video Communications from $78.00 to $76.00 in a research note on Tuesday, May 23rd. Finally, Evercore ISI lowered their target price on shares of Zoom Video Communications from $85.00 to $75.00 in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.00.
Read Our Latest Stock Analysis on Zoom Video Communications
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.
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