Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 183,736 shares of the company's stock, valued at approximately $14,995,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.06% of Zoom Video Communications at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MML Investors Services LLC grew its holdings in shares of Zoom Video Communications by 1.4% during the third quarter. MML Investors Services LLC now owns 9,395 shares of the company's stock worth $655,000 after purchasing an additional 132 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Zoom Video Communications in the 3rd quarter worth approximately $201,000. Toronto Dominion Bank increased its holdings in shares of Zoom Video Communications by 32.1% in the 3rd quarter. Toronto Dominion Bank now owns 31,965 shares of the company's stock worth $2,229,000 after buying an additional 7,768 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Zoom Video Communications by 22.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,020 shares of the company's stock valued at $1,047,000 after buying an additional 2,714 shares in the last quarter. Finally, Tri Ri Asset Management Corp bought a new stake in shares of Zoom Video Communications during the 3rd quarter worth $2,653,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, Director Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock in a transaction on Monday, March 24th. The shares were sold at an average price of $77.86, for a total value of $192,703.50. Following the sale, the director now directly owns 169,452 shares in the company, valued at approximately $13,193,532.72. The trade was a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Velchamy Sankarlingam sold 11,839 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total transaction of $851,342.49. Following the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at $9,026,790.39. This trade represents a 8.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 242,897 shares of company stock valued at $18,941,111 over the last three months. Corporate insiders own 10.78% of the company's stock.

Zoom Video Communications Price Performance

Shares of NASDAQ:ZM traded up $0.29 during midday trading on Friday, hitting $71.49. The company had a trading volume of 1,434,603 shares, compared to its average volume of 3,087,389. The company has a fifty day moving average of $75.59 and a two-hundred day moving average of $78.43. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The company has a market cap of $21.82 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 5.48 and a beta of 0.67.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZM. Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Scotiabank reduced their price target on Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. Mizuho lowered their price objective on Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday. Benchmark reaffirmed a "buy" rating and issued a $97.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Wednesday, March 19th. Fifteen investment 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 a consensus price target of $86.62.

About Zoom Video Communications

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.