Certuity LLC Invests $315,000 in Zoom Video Communications, Inc. (NASDAQ:ZM)

Certuity LLC bought a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,866 shares of the company's stock, valued at approximately $315,000.

Other hedge funds also recently bought and sold shares of the company. Adero Partners LLC raised its position in shares of Zoom Video Communications by 2.4% during the fourth quarter. Adero Partners LLC now owns 5,509 shares of the company's stock worth $450,000 after purchasing an additional 129 shares during the period. Itau Unibanco Holding S.A. raised its holdings in Zoom Video Communications by 1.9% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company's stock worth $497,000 after buying an additional 131 shares during the period. MML Investors Services LLC lifted its stake in Zoom Video Communications by 1.4% in the third quarter. MML Investors Services LLC now owns 9,395 shares of the company's stock valued at $655,000 after buying an additional 132 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Zoom Video Communications by 1.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company's stock valued at $556,000 after buying an additional 145 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Zoom Video Communications by 3.4% in the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company's stock valued at $322,000 after buying an additional 154 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Zoom Video Communications in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on Zoom Video Communications from $86.00 to $96.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Jefferies Financial Group raised Zoom Video Communications from a "hold" rating to a "buy" rating and lifted their target price for the company from $85.00 to $100.00 in a research report on Thursday, December 19th. Finally, Stifel Nicolaus upped their price target on Zoom Video Communications from $70.00 to $90.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Sixteen 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $89.10.

Zoom Video Communications Stock Down 0.1 %

Shares of NASDAQ ZM traded down $0.06 during midday trading on Friday, hitting $85.10. 1,435,757 shares of the company's stock were exchanged, compared to its average volume of 2,158,431. The firm has a market capitalization of $26.08 billion and a PE ratio of 28.37. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The company's 50 day moving average price is $83.29 and its 200 day moving average price is $75.30.

Insiders Place Their Bets

In other news, CEO Eric S. Yuan sold 83,332 shares of Zoom Video Communications stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total value of $7,189,884.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Velchamy Sankarlingam sold 3,618 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total value of $307,312.92. Following the sale, the insider now owns 107,826 shares of the company's stock, valued at approximately $9,158,740.44. This represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 382,242 shares of company stock valued at $31,230,938 over the last ninety days. 10.78% of the stock is currently owned by company insiders.

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.