Recent Stock Sale by Zoom's CAO

On January 10th, Shane Crehan, the Chief Accounting Officer (CAO) of Zoom Video Communications, Inc. (NASDAQ:ZM), executed a sale of 1,412 shares of the company's stock. This transaction took place at an average price of $78.69 per share, leading to a total sale value of $111,110.28. As a result of this sale, Crehan now holds 5,404 shares of Zoom, which are currently valued at approximately $425,240.76. This sale marks a 20.72% reduction in his ownership stake in the company. Details of the transaction were disclosed in a filing with the Securities and Exchange Commission (SEC) that can be accessed through various financial news resources.

In addition, Shane Crehan made another notable trade on December 10th, where he sold 1,551 shares of Zoom at an average price of $84.94, totaling $131,741.94.

Stock Performance of Zoom Video Communications

On Monday, Zoom's stock experienced a slight decline of $0.64, bringing its trading price to $78.82. During this session, approximately 1,884,474 shares were traded, compared to an average trading volume of 2,210,943 shares. Zoom Video Communications has a market capitalization of about $24.16 billion, a PE ratio of 26.27, and a P/E/G ratio of 5.29. The stock's beta stands at -0.01. Over the past year, the stock has seen a low of $55.06 and a high of $92.80. Currently, the 50-day moving average price is $83.02, while the 200-day moving average price is $71.24.

Analysts' Opinions on Zoom Video Communications

Recent analysis regarding ZM has generated varying ratings among financial analysts. Piper Sandler increased their target price for Zoom from $68.00 to $89.00 while maintaining a "neutral" rating in a report dated November 26th. Wedbush initiated coverage on Zoom, giving it an "outperform" rating and a price target of $85.00 as of October 17th. Scotiabank upgraded the company's rating to "hold" on November 19th. Morgan Stanley also reviewed Zoom, adjusting its target price from $86.00 to $96.00, providing an "equal weight" rating on December 18th. JMP Securities reiterated a "market perform" rating as well recently. In summary, Zoom Video Communications has one sell rating, fifteen hold ratings, eight buy ratings, and one strong buy rating. Presently, the stock has an average rating of "Hold" with a consensus target price of $87.81.

Institutional Investors' Movements

In the recent market, various institutional investors have made moves regarding shares of Zoom Video Communications. For instance, Truvestments Capital LLC acquired a new stake in the third quarter amounting to around $37,000. Allworth Financial LP also expanded its position by 43.8% during this quarter and now possesses 591 shares valued at $41,000 after acquiring an additional 180 shares. Venturi Wealth Management LLC increased its stake by 56.0%, now holding 763 shares worth $53,000. GAMMA Investing LLC raised its investment by 27.1% in the fourth quarter with a total of 770 shares valued at $63,000. Even more significantly, True Wealth Design LLC boosted its shares by 10,763.6%, now holding 1,195 shares worth $83,000. Overall, institutional investors and hedge funds control 66.54% of Zoom's stock outstanding.

About Zoom Video Communications

Zoom Video Communications, Inc. specializes in providing a unified communications platform spanning the Americas, Asia Pacific, Europe, the Middle East, and Africa. Their offerings include Zoom Meetings, which feature HD video, voice, chat, and content sharing across various devices, Zoom Phone as an enterprise cloud phone system, and Zoom Chat that allows users to exchange messages and files on multiple platforms.

Zoom, Stock, CAO