3,866 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Bought by Certuity LLC

Certuity LLC acquired a new position in Zoom Video Communications, Inc. (NASDAQ:ZM) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,866 shares of the company’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Zoom Video Communications by 23.8% during the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company’s stock worth $867,906,000 after purchasing an additional 2,395,396 shares during the period. State Street Corp grew its position in Zoom Video Communications by 2.3% during the third quarter. State Street Corp now owns 6,106,293 shares of the company’s stock worth $425,853,000 after buying an additional 134,559 shares in the last quarter. Pacer Advisors Inc. grew its position in Zoom Video Communications by 4.4% during the third quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company’s stock worth $382,188,000 after buying an additional 233,241 shares in the last quarter. Geode Capital Management LLC increased its stake in Zoom Video Communications by 4.2% during the third quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company’s stock valued at $320,177,000 after acquiring an additional 184,518 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Zoom Video Communications by 9.8% in the 3rd quarter. Two Sigma Advisers LP now owns 1,448,700 shares of the company’s stock valued at $101,032,000 after acquiring an additional 128,800 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Stock Down 0.9 %

Zoom Video Communications stock opened at $83.05 on Thursday. The stock has a 50-day simple moving average of $83.29 and a 200 day simple moving average of $74.91. The stock has a market capitalization of $25.45 billion and a price-to-earnings ratio of 27.68. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80.

Insider Transactions at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 3,618 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the transaction, the insider now owns 107,826 shares of the company’s stock, valued at approximately $9,158,740.44. This trade represents a 3.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Aparna Bawa sold 9,317 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $733,154.73. Following the sale, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at approximately $1,105,830.57. This trade represents a 39.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 382,242 shares of company stock worth $31,230,938. Corporate insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the topic of several recent research reports. Scotiabank raised Zoom Video Communications to a “hold” rating in a report on Tuesday, November 19th. JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Cantor Fitzgerald initiated coverage on shares of Zoom Video Communications in a research note on Friday, January 17th. They issued a “neutral” rating and a $87.00 price objective for the company. Jefferies Financial Group raised shares of Zoom Video Communications from a “hold” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $100.00 in a report on Thursday, December 19th. Finally, Barclays upped their target price on shares of Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.10.

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.