DCF Advisers LLC Makes New $1.78 Million Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

DCF Advisers LLC purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $1,776,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Evoke Wealth LLC increased its position in shares of Zoom Video Communications by 3.5% during the fourth quarter. Evoke Wealth LLC now owns 5,066 shares of the company's stock worth $364,000 after acquiring an additional 172 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in Zoom Video Communications by 0.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 23,189 shares of the company's stock worth $1,370,000 after purchasing an additional 189 shares in the last quarter. Cantor Fitzgerald L. P. increased its holdings in Zoom Video Communications by 2.7% during the 4th quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company's stock worth $544,000 after purchasing an additional 197 shares in the last quarter. Excalibur Management Corp raised its stake in shares of Zoom Video Communications by 5.6% in the second quarter. Excalibur Management Corp now owns 4,344 shares of the company's stock worth $257,000 after purchasing an additional 232 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Zoom Video Communications by 269.7% in the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company's stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Zoom Video Communications from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Zoom Video Communications from $71.00 to $75.00 and gave the stock a "hold" rating in a research note on Friday, August 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a research report on Thursday, August 22nd. Bank of America cut their price objective on Zoom Video Communications from $78.00 to $75.00 and set a "neutral" rating on the stock in a research report on Thursday, August 22nd. Finally, Morgan Stanley decreased their target price on Zoom Video Communications from $72.00 to $68.00 and set an "equal weight" rating for the company in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Zoom Video Communications currently has a consensus rating of "Hold" and an average price target of $74.68.

Insider Activity

In other Zoom Video Communications news, COO Aparna Bawa sold 831 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,121.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Aparna Bawa sold 831 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at approximately $131,121.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Velchamy Sankarlingam sold 3,272 shares of the firm's stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $57.15, for a total transaction of $186,994.80. Following the completion of the sale, the insider now directly owns 82,792 shares in the company, valued at approximately $4,731,562.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,014 shares of company stock valued at $7,070,162. Corporate insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Up 0.5 %

Shares of ZM stock traded up $0.32 on Friday, reaching $67.23. The company's stock had a trading volume of 739,925 shares, compared to its average volume of 3,346,854. The company has a market capitalization of $20.79 billion, a P/E ratio of 24.97, a PEG ratio of 5.83 and a beta of -0.05. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $74.77. The stock's 50 day simple moving average is $62.52 and its 200-day simple moving average is $62.33.

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

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.