Zoom Video Communications, Inc. (NASDAQ: ZM) Shares Purchased by Cerity Partners LLC

As HoldingsChannel reports, Cerity Partners LLC acquired Zoom Video Communications, Inc. in the second quarter. (NASDAQ:ZM – Get Rating) increased its position to 103.1%. The institutional investor held 3,573 shares of the company’s stock after buying an additional 1,814 shares during the period. Cerity Partners LLC’s holding in Zoom Video Communications was $383,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold ZM shares. Comerica Bank increased its stake in Zoom Video Communications to 54.1% during the first quarter. Comerica Bank now owns 6,230 shares of the company’s stock valued at $646,000 after buying an additional 2,188 shares in the last quarter. Park Avenue Securities LLC increased its stake in Zoom Video Communications to 46.6% during the first quarter. Park Avenue Securities LLC now owns 5,409 shares of the company’s stock valued at $634,000 after buying an additional 1,720 shares in the last quarter. SignatureFD LLC increased its stake in Zoom Video Communications to 109.7% during the first quarter. SignatureFD LLC now owns 3,351 shares of the company’s stock valued at $393,000 after purchasing an additional 1,753 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Zoom Video Communications to 14.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. after buying additional 616 shares in the last quarter. now owns 4,737 shares of the company’s stock valued at $555,000. Lastly, FDx Advisors Inc. boosted its position in shares of Zoom Video Communications to 92.0% in the first quarter. After buying an additional 3,436 shares during the period, FDx Advisors Inc. holds 7,169 shares of the company’s stock valued at $840,000. Institutional investors hold 52.86% of the company’s shares.

Zoom Video Communications Stock Performance

Shares of ZM stock opened on Friday at $81.64. The stock’s 50-day simple moving average is $78.69 and its 200-day simple moving average is $94.04. Zoom Video Communications, Inc. The 12-month low is $70.43 and the 12-month high is $265.23. The company has a market capitalization of $24.30 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 3.19, and a beta of -0.29.

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Zoom Video Communications (NASDAQ: ZM – Receive Rating) last issued its quarterly earnings data on Monday, August 22. The company reported earnings per share of $0.28 for the quarter, missing analysts’ consensus estimates of $0.45 ($0.17). Zoom Video Communications had a net margin of 23.05% and a return on equity of 11.87%. The company’s revenue during the quarter was $1.10 billion, compared to consensus estimates of $1.12 billion. During the same period last year, the business earned $0.98 per share. The firm’s revenue was up 7.6% on a year-on-year basis. On average, analysts expect Zoom Video Communications, Inc. to post 1.32 EPS for the current fiscal year.

Analysts set new price targets

Several equity analysts recently looked at ZM shares. Morgan Stanley lowered Zoom Video Communications from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $130.00 to $90.00 in a research report on Tuesday, October 11. Deutsche Bank Aktiengesellschaft cut its price target on Zoom Video Communications from $105.00 to $95.00 in a research report on Tuesday, August 23rd. Mizuho cut its price target on Zoom Video Communications from $190.00 to $120.00 and set a “buy” rating on the company in a research report on Tuesday, August 23. Goldman Sachs Group cut its price target on Zoom Video Communications from $142.00 to $122.00 and set a “neutral” rating on the company in a research report on Tuesday, August 23. Finally, Argus lowered Zoom Video Communications from a “Buy” rating to a “Hold” rating in a research report on Friday, August 26. Two equity research analysts have a rating on the stock with a Sell rating, seventeen have issued a Hold rating and nine have a Buy rating on the company. Zoom Video Communications currently has a consensus rating of “Hold” and an average price target of $125.67, according to data from MarketBeat.com.

insiders place their bets

In other Zoom Video Communications news, insider Velchamy Shankarlingam sold 2,374 shares of Zoom Video Communications stock in a transaction that occurred on Saturday, October 8. The stock was sold at an average price of $71.59, for a total value of $169,954.66. Following the transaction, the insider now directly owns 15,869 shares of the company’s stock, valued at approximately $1,136,061.71. The sale was disclosed in a document filed with the SEC, which can be accessed via this link. Company insiders hold 11.24% of the company’s stock.

zoom video communication profile

(get rating)

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

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Want to see what other hedge funds are holding ZM? Zoom Video Communications, Inc. (NASDAQ: ZM – Get Ratings) Visit HoldingsChannel.com to get the latest 13F filings and insider trades.

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

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