Donald L. Hagan LLC Takes Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Donald L. Hagan LLC acquired a new position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,636 shares of the company's stock, valued at approximately $672,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Zoom Video Communications by 128.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,038 shares of the company's stock valued at $722,000 after purchasing an additional 6,206 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Zoom Video Communications by 181.4% in the 1st quarter. Private Advisor Group LLC now owns 13,503 shares of the company's stock valued at $883,000 after purchasing an additional 8,704 shares during the last quarter. GSA Capital Partners LLP bought a new position in Zoom Video Communications during the first quarter worth about $1,486,000. Larson Financial Group LLC boosted its position in shares of Zoom Video Communications by 331.1% during the first quarter. Larson Financial Group LLC now owns 1,940 shares of the company's stock worth $127,000 after buying an additional 1,490 shares during the period. Finally, Duality Advisers LP bought a new stake in shares of Zoom Video Communications during the 1st quarter worth approximately $967,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZM shares. Wells Fargo & Company raised their price objective on Zoom Video Communications from $55.00 to $60.00 and gave the stock an "underweight" rating in a research note on Thursday, August 22nd. Bank of America decreased their price objective on shares of Zoom Video Communications from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, August 22nd. Needham & Company LLC reissued a "hold" rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Wedbush started coverage on Zoom Video Communications in a report on Thursday, October 17th. They set an "outperform" rating and a $85.00 price objective for the company. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $78.00 price objective on shares of Zoom Video Communications in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Zoom Video Communications currently has an average rating of "Hold" and an average price target of $75.32.

Zoom Video Communications Trading Up 2.5 %

ZM stock traded up $1.94 on Wednesday, hitting $79.69. The company's stock had a trading volume of 3,877,620 shares, compared to its average volume of 3,227,380. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 6.51 and a beta of -0.05. The firm has a 50 day moving average of $70.01 and a two-hundred day moving average of $63.80. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $80.35.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Zoom Video Communications

In other news, CFO Kelly Steckelberg sold 5,013 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $59.70, for a total transaction of $299,276.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Aparna Bawa sold 831 shares of Zoom Video Communications stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total value of $55,086.99. Following the completion of the sale, the chief operating officer now owns 1,978 shares in the company, valued at approximately $131,121.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kelly Steckelberg sold 5,013 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $59.70, for a total transaction of $299,276.10. The disclosure for this sale can be found here. Insiders sold 193,550 shares of company stock valued at $13,361,571 over the last quarter. Company insiders own 10.78% of the company's stock.

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.