3,917 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC purchased a new stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,917 shares of the company’s stock, valued at approximately $320,000.

A number of other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Zoom Video Communications during the third quarter valued at approximately $37,000. Allworth Financial LP increased its position in shares of Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Zoom Video Communications by 56.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after buying an additional 274 shares during the period. GAMMA Investing LLC lifted its position in Zoom Video Communications by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after buying an additional 164 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in Zoom Video Communications by 10,763.6% during the third quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $83,000 after buying an additional 1,184 shares during the period. Institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jonathan Chadwick sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total value of $2,008,250.00. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at $121,619.62. The trade was a 94.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Aparna Bawa sold 12,075 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $79.15, for a total value of $955,736.25. Following the completion of the transaction, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at $156,558.70. The trade was a 85.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,981 shares of company stock valued at $38,712,948. 10.78% of the stock is owned by insiders.

Zoom Video Communications Stock Up 0.9 %

Zoom Video Communications stock opened at $80.01 on Friday. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The stock has a 50-day moving average price of $82.56 and a 200 day moving average price of $72.15. The company has a market capitalization of $24.52 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 4.94 and a beta of -0.01.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZM. Stifel Nicolaus raised their price objective on shares of Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley upped their price objective on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Wells Fargo & Company raised shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $70.00 to $85.00 in a research note on Tuesday, January 7th. Finally, Scotiabank raised Zoom Video Communications to a “hold” rating in a research report on Tuesday, November 19th. Sixteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.