Kera Capital Partners Inc. Purchases Shares of 3,811 Zoom Video Communications, Inc. (NASDAQ:ZM)

Kera Capital Partners Inc. bought a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,811 shares of the company's stock, valued at approximately $311,000.

Several other hedge funds have also recently added to or reduced their stakes in ZM. Baker Avenue Asset Management LP lifted its holdings in shares of Zoom Video Communications by 82.1% during the third quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company's stock valued at $1,994,000 after acquiring an additional 12,890 shares during the period. Sanctuary Advisors LLC bought a new position in Zoom Video Communications during the 2nd quarter valued at about $763,000. HighTower Advisors LLC boosted its position in Zoom Video Communications by 449.4% in the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company's stock valued at $4,429,000 after buying an additional 52,039 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Zoom Video Communications by 15.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company's stock worth $87,713,000 after buying an additional 167,618 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Zoom Video Communications during the third quarter worth approximately $62,038,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Activity

In other news, CAO Shane Crehan sold 1,412 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $111,110.28. Following the sale, the chief accounting officer now directly owns 5,404 shares in the company, valued at $425,240.76. The trade was a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 3,618 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total value of $307,312.92. Following the transaction, the insider now owns 107,826 shares of the company's stock, valued at approximately $9,158,740.44. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 525,703 shares of company stock worth $41,265,285 in the last 90 days. Corporate insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Performance

ZM stock traded down $1.37 during midday trading on Friday, hitting $78.07. 2,923,674 shares of the company's stock were exchanged, compared to its average volume of 2,050,697. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The stock's fifty day moving average price is $82.98 and its 200-day moving average price is $71.73. The company has a market cap of $23.93 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 4.97 and a beta of -0.01.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America lifted their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Sanford C. Bernstein lifted their target price on 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. Benchmark upped their price target on Zoom Video Communications from $85.00 to $97.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler raised their price target on Zoom Video Communications from $68.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Finally, Wedbush assumed 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. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $89.10.

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.