Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Oak Thistle LLC

Oak Thistle LLC trimmed its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 48.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,058 shares of the company's stock after selling 3,770 shares during the period. Oak Thistle LLC's holdings in Zoom Video Communications were worth $331,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Accurate Wealth Management LLC raised its holdings in Zoom Video Communications by 33.5% in the 4th quarter. Accurate Wealth Management LLC now owns 28,380 shares of the company's stock worth $2,255,000 after purchasing an additional 7,124 shares during the period. Wynn Capital LLC raised its stake in shares of Zoom Video Communications by 2.0% in the fourth quarter. Wynn Capital LLC now owns 10,034 shares of the company's stock worth $819,000 after buying an additional 200 shares during the period. Wedmont Private Capital lifted its position in shares of Zoom Video Communications by 12.5% during the 4th quarter. Wedmont Private Capital now owns 3,350 shares of the company's stock valued at $266,000 after buying an additional 371 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Zoom Video Communications by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 74,890 shares of the company's stock valued at $6,112,000 after buying an additional 398 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake 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 period. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZM. Sanford C. Bernstein raised their price objective on Zoom Video Communications from $78.00 to $89.00 and gave the company a "market perform" rating in a research report on Tuesday, November 26th. Evercore ISI upgraded Zoom Video Communications from an "in-line" rating to an "outperform" rating and raised their price target for the company from $70.00 to $115.00 in a report on Tuesday, November 26th. Jefferies Financial Group raised Zoom Video Communications from a "hold" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $100.00 in a report on Thursday, December 19th. Wells Fargo & Company raised shares of Zoom Video Communications from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $70.00 to $85.00 in a report on Tuesday, January 7th. Finally, UBS Group boosted their price target on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Zoom Video Communications has a consensus rating of "Hold" and an average price target of $87.77.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,618 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $307,312.92. Following the transaction, the insider now owns 107,826 shares in the company, valued at approximately $9,158,740.44. This represents a 3.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 35,722 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the sale, the chief executive officer now directly owns 57,371 shares in the company, valued at $4,099,157.95. This trade represents a 38.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 525,703 shares of company stock valued at $41,265,285. 10.78% of the stock is currently owned by insiders.

Zoom Video Communications Stock Down 1.7 %

ZM stock traded down $1.37 during trading on Friday, hitting $78.07. 2,923,674 shares of the company's stock traded hands, compared to its average volume of 2,050,697. The firm has a market capitalization of $23.93 billion, a P/E ratio of 26.02, a PEG ratio of 4.97 and a beta of -0.01. The business has a fifty day simple moving average of $82.98 and a two-hundred day simple moving average of $71.63. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80.

Zoom Video Communications Company 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.