Natixis Buys 6,050 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Natixis lifted its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 328.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,892 shares of the company's stock after purchasing an additional 6,050 shares during the period. Natixis' holdings in Zoom Video Communications were worth $644,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tri Ri Asset Management Corp bought a new stake in shares of Zoom Video Communications in the 3rd quarter worth approximately $2,653,000. Franklin Resources Inc. increased its position in Zoom Video Communications by 53.6% during the 3rd quarter. Franklin Resources Inc. now owns 331,782 shares of the company's stock valued at $22,537,000 after purchasing an additional 115,837 shares during the period. Retirement Systems of Alabama raised its holdings in Zoom Video Communications by 48.1% in the 3rd quarter. Retirement Systems of Alabama now owns 903,797 shares of the company's stock worth $63,031,000 after purchasing an additional 293,375 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Zoom Video Communications by 53.0% in the 4th quarter. Versant Capital Management Inc now owns 1,509 shares of the company's stock worth $123,000 after purchasing an additional 523 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Zoom Video Communications by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company's stock valued at $63,000 after purchasing an additional 164 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Video Communications Price Performance

Shares of NASDAQ:ZM traded up $0.54 during trading on Friday, hitting $76.03. The company's stock had a trading volume of 1,300,179 shares, compared to its average volume of 3,053,864. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 5.48 and a beta of 0.67. The company has a 50-day moving average of $74.20 and a 200-day moving average of $78.69. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80.

Insider Buying and Selling at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 83,332 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total transaction of $7,189,884.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $77.86, for a total transaction of $192,703.50. Following the transaction, the director now directly owns 169,452 shares in the company, valued at $13,193,532.72. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 242,897 shares of company stock valued at $18,941,111. Insiders own 10.78% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZM. Rosenblatt Securities lowered their price objective on shares of Zoom Video Communications from $95.00 to $90.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC restated a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Barclays dropped their target price on shares of Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $87.00 price target 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.