National Asset Management Inc. sells 385 shares of Zoom Video Communications, Inc. (NASDAQ:ZM)



National Asset Management Inc. reduced its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZMGet a rating) by 12.0% during the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company held 2,827 shares of the company after selling 385 shares during the quarter. National Asset Management Inc.’s holdings in Zoom Video Communications were worth $332,000 when it last filed with the SEC.

A number of other hedge funds also bought and sold shares of ZM. National Bank of Canada FI acquired a new stake in Zoom Video Communications during the fourth quarter at a value of $1,089,000. The New York State Teachers’ Retirement System bought a new stake in Zoom Video Communications stock in the fourth quarter worth $129,000. Van ECK Associates Corp increased its stake in shares of Zoom Video Communications by 7.1% in the fourth quarter. Van ECK Associates Corp now owns 13,113 shares of the company valued at $2,412,000 after purchasing an additional 872 shares during the period. Amplius Wealth Advisors LLC bought a new stake in shares of Zoom Video Communications in the fourth quarter worth $40,000. Finally, BerganKDV Wealth Management LLC increased its stake in Zoom Video Communications shares by 144.4% in the fourth quarter. BerganKDV Wealth Management LLC now owns 154 shares of the company valued at $28,000 after purchasing 91 additional shares during the period. 55.94% of the shares are currently held by institutional investors.

Insider Trading at Zoom Video Communications

In other news, Insider Velchamy Sankarlingam sold 2,319 shares of the company in a trade dated Tuesday, July 12. The stock was sold at an average price of $109.79, for a total value of $254,603.01. Following the completion of the sale, the insider now owns 10,863 shares of the company, valued at approximately $1,192,648.77. The transaction was disclosed in an SEC filing, available at this hyperlink. In other news, CFO Kelly Stecklberg sold 6,700 shares of the company in a trade dated Wednesday, May 25. The stock was sold at an average price of $100.27, for a total value of $671,809.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Also, insider Velchamy Sankarlingam sold 2,319 shares of the company in a transaction that took place on Tuesday, July 12. The shares were sold at an average price of $109.79, for a total value of $254,603.01. Following the transaction, the insider now directly owns 10,863 shares of the company, valued at approximately $1,192,648.77. Disclosure of this sale can be found here. In the past three months, insiders have sold 50,223 shares of the company worth $5,304,851. 11.24% of the shares are currently held by company insiders.

A Wall Street analyst gives his opinion

Several brokerages have published reports on ZM. Citigroup lowered its target price on Zoom Video Communications from $118.00 to $99.00 and set a “neutral” rating on the stock in a Tuesday, May 24 research note. BTIG Research lowered its target price on Zoom Video Communications from $180.00 to $150.00 in a Friday, May 13 research note. Barclays lowered its target price on Zoom Video Communications from $150.00 to $90.00 and set an “equal weight” rating on the stock in a Thursday May 19 research note. TheStreet upgraded Zoom Video Communications from a “d” grade to a “c” grade in a Monday, April 18 research report. Finally, Benchmark raised its price target on Zoom Video Communications from $124.00 to $128.00 and gave the company a “buy” rating in a Tuesday, May 24 research report. Fourteen equity research analysts gave the stock a hold rating and thirteen gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $161.53.

Zoom Video Communications Trading down 2.2%

ZM opened at $103.86 on Friday. The stock has a 50-day moving average price of $108.91 and a 200-day moving average price of $116.19. Zoom Video Communications, Inc. has a 12-month low of $79.03 and a 12-month high of $404.35. The stock has a market capitalization of $30.99 billion, a P/E ratio of 25.21, a PEG ratio of 4.35 and a beta of -0.60.

Zoom Video Communications (NASDAQ:ZMGet a rating) last released its quarterly earnings data on Monday, May 23. The company reported earnings per share (EPS) of $0.47 for the quarter, beating analyst consensus estimates of $0.35 by $0.12. Zoom Video Communications achieved a return on equity of 16.56% and a net margin of 29.91%. The company posted revenue of $1.07 billion in the quarter, versus $1.07 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $0.97. The company’s revenue for the quarter increased by 12.3% compared to the same quarter last year. On average, equity research analysts expect Zoom Video Communications, Inc. to post 1.75 EPS for the current year.

Zoom Video Communication Profile

(Get a rating)

Zoom Video Communications, Inc provides a unified communications platform in the Americas, Asia-Pacific, Europe, Middle East and Africa. The company offers Zoom Meetings which offers HD video, voice, chat and content sharing through mobile devices, desktops, laptops, phones and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat allows users to share messages, images, audio files and content across desktops, laptops, tablets and mobile devices.

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Want to see what other hedge funds hold ZM? Visit HoldingsChannel.com for the latest 13F documents and insider trading for Zoom Video Communications, Inc. (NASDAQ:ZMGet a rating).

Institutional ownership by quarter for Zoom Video Communications (NASDAQ:ZM)



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