Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lessened its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 421,903 shares of the company's stock after selling 7,110 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.14% of Zoom Video Communications worth $34,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new stake in Zoom Video Communications during the 4th quarter worth $1,072,000. Nordea Investment Management AB boosted its position in shares of Zoom Video Communications by 202.8% during the 4th quarter. Nordea Investment Management AB now owns 779,051 shares of the company's stock valued at $64,054,000 after acquiring an additional 521,778 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Zoom Video Communications by 48.1% during the 3rd quarter. Retirement Systems of Alabama now owns 903,797 shares of the company's stock valued at $63,031,000 after acquiring an additional 293,375 shares during the last quarter. Swedbank AB boosted its position in shares of Zoom Video Communications by 96.3% during the 4th quarter. Swedbank AB now owns 82,247 shares of the company's stock valued at $6,712,000 after acquiring an additional 40,351 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Zoom Video Communications by 8.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 93,872 shares of the company's stock valued at $7,868,000 after acquiring an additional 7,518 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Activity at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 11,839 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total value of $851,342.49. Following the completion of the sale, the insider now directly owns 125,529 shares of the company's stock, valued at approximately $9,026,790.39. This represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 16,099 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $72.59, for a total transaction of $1,168,626.41. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at $143,583.02. The trade was a 89.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 245,372 shares of company stock valued at $19,127,800 over the last ninety days. Insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Up 0.2 %

ZM traded up $0.13 on Monday, reaching $76.16. The company had a trading volume of 1,911,567 shares, compared to its average volume of 3,049,296. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The stock has a market capitalization of $23.25 billion, a PE ratio of 25.39, a P/E/G ratio of 5.48 and a beta of 0.67. The stock has a 50-day moving average price of $74.02 and a 200-day moving average price of $78.79.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZM shares. Rosenblatt Securities lowered their price target on shares of Zoom Video Communications from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday. Mizuho lowered their price target on shares of Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Stifel Nicolaus lowered their price target on shares of Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Benchmark reaffirmed a "buy" rating and issued a $97.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zoom Video Communications has a consensus rating of "Hold" and an average target price of $85.90.

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.