Accurate Wealth Management LLC Buys 7,124 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Accurate Wealth Management LLC raised its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 33.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,380 shares of the company's stock after purchasing an additional 7,124 shares during the period. Accurate Wealth Management LLC's holdings in Zoom Video Communications were worth $2,255,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ZM. Truvestments Capital LLC bought a new position in Zoom Video Communications in the third quarter valued at approximately $37,000. Allworth Financial LP boosted its stake in Zoom Video Communications by 43.8% in the 3rd quarter. Allworth Financial LP now owns 591 shares of the company's stock worth $41,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC increased 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 worth $53,000 after purchasing an additional 274 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company's stock valued at $63,000 after purchasing an additional 164 shares during the period. Finally, True Wealth Design LLC lifted its holdings in shares of Zoom Video Communications by 10,763.6% in the third quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $83,000 after purchasing an additional 1,184 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, Director Jonathan Chadwick sold 12,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $75.04, for a total transaction of $938,000.00. Following the completion of the transaction, the director now owns 1,514 shares of the company's stock, valued at approximately $113,610.56. The trade was a 89.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 35,722 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the completion of the transaction, the chief executive officer now directly owns 57,371 shares of the company's stock, valued at approximately $4,099,157.95. The trade was a 38.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 370,592 shares of company stock valued at $28,972,914. 10.78% of the stock is currently owned by company insiders.

Zoom Video Communications Stock Performance

NASDAQ:ZM traded up $1.29 during mid-day trading on Wednesday, reaching $80.49. 1,423,504 shares of the company's stock were exchanged, compared to its average volume of 2,039,906. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The business's fifty day simple moving average is $83.05 and its two-hundred day simple moving average is $71.39. The firm has a market capitalization of $24.67 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 5.29 and a beta of -0.01.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Zoom Video Communications from $78.00 to $89.00 and gave the company a "market perform" rating in a research note on Tuesday, November 26th. UBS Group upped their target price on Zoom Video Communications from $75.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Rosenblatt Securities restated a "buy" rating and issued a $78.00 price target on shares of Zoom Video Communications in a research note on Friday, November 22nd. JMP Securities reiterated a "market perform" rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Finally, Scotiabank raised shares of Zoom Video Communications to a "hold" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $87.81.

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.