12,567 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Acquired by Clarity Capital Partners LLC

Clarity Capital Partners LLC bought a new stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZMFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,567 shares of the company’s stock, valued at approximately $904,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Zoom Video Communications by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company’s stock valued at $1,587,326,000 after buying an additional 1,000,005 shares during the last quarter. ARK Investment Management LLC grew its holdings in Zoom Video Communications by 7.7% during the 4th quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company’s stock valued at $788,463,000 after buying an additional 781,663 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Zoom Video Communications by 3.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,612,008 shares of the company’s stock valued at $475,469,000 after buying an additional 216,768 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in shares of Zoom Video Communications by 4.0% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 6,046,234 shares of the company’s stock worth $434,785,000 after purchasing an additional 233,321 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of Zoom Video Communications by 1.3% during the fourth quarter. FIL Ltd now owns 3,069,797 shares of the company’s stock worth $220,749,000 after purchasing an additional 40,456 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Trading Down 0.3 %

NASDAQ:ZM traded down $0.20 during mid-day trading on Friday, hitting $57.74. The company had a trading volume of 3,014,386 shares, compared to its average volume of 3,301,473. The business has a fifty day simple moving average of $61.88 and a 200-day simple moving average of $65.67. Zoom Video Communications, Inc. has a 1 year low of $57.33 and a 1 year high of $75.90. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 9.29 and a beta of -0.01.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last released its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.51 by $0.23. Zoom Video Communications had a return on equity of 10.55% and a net margin of 18.37%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts anticipate that Zoom Video Communications, Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZM shares. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Tuesday, May 21st. Wells Fargo & Company decreased their price objective on Zoom Video Communications from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Tuesday, May 21st. JPMorgan Chase & Co. decreased their price objective on Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Rosenblatt Securities raised their price objective on Zoom Video Communications from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Citigroup raised their price objective on Zoom Video Communications from $76.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Zoom Video Communications currently has an average rating of “Hold” and an average target price of $75.72.

Get Our Latest Stock Analysis on Zoom Video Communications

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,791 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.97, for a total value of $238,719.27. Following the transaction, the insider now directly owns 91,721 shares of the company’s stock, valued at $5,775,671.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kelly Steckelberg sold 5,007 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $59.36, for a total transaction of $297,215.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Velchamy Sankarlingam sold 3,791 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $62.97, for a total value of $238,719.27. Following the sale, the insider now owns 91,721 shares of the company’s stock, valued at $5,775,671.37. The disclosure for this sale can be found here. Insiders have sold 110,016 shares of company stock valued at $6,814,969 over the last three months. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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