Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,257,714 shares of the company's stock after buying an additional 167,618 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.41% of Zoom Video Communications worth $87,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Zoom Video Communications in the second quarter worth approximately $33,000. Allworth Financial LP increased its stake in Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company's stock worth $41,000 after acquiring an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Zoom Video Communications during the 2nd quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zoom Video Communications in the second quarter valued at $41,000. Finally, Versant Capital Management Inc lifted its stake in Zoom Video Communications by 1,257.7% in the second quarter. Versant Capital Management Inc now owns 964 shares of the company's stock worth $57,000 after purchasing an additional 893 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ZM. Piper Sandler lowered their price objective on shares of Zoom Video Communications from $72.00 to $68.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Stifel Nicolaus lifted their price target on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, October 10th. Wedbush started coverage on Zoom Video Communications in a research note on Thursday, October 17th. They set an "outperform" rating and a $85.00 price target on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $78.00 target price on shares of Zoom Video Communications in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Zoom Video Communications has an average rating of "Hold" and an average target price of $75.32.

Insider Buying and Selling at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 37,206 shares of Zoom Video Communications stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $68.20, for a total transaction of $2,537,449.20. Following the transaction, the chief executive officer now owns 114,341 shares in the company, valued at approximately $7,798,056.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Jonathan Chadwick sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $75.04, for a total value of $938,000.00. Following the transaction, the director now directly owns 1,514 shares in the company, valued at approximately $113,610.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eric S. Yuan sold 37,206 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $68.20, for a total value of $2,537,449.20. Following the completion of the transaction, the chief executive officer now owns 114,341 shares of the company's stock, valued at $7,798,056.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,557 shares of company stock worth $13,645,167. Insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Performance

Shares of ZM stock traded up $1.84 on Tuesday, reaching $77.38. 1,761,948 shares of the company were exchanged, compared to its average volume of 3,220,588. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $77.46. The business has a 50-day moving average price of $69.71 and a 200 day moving average price of $63.56. The company has a market cap of $23.82 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 6.52 and a beta of -0.05.

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

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.