Zoom Video Communications (NASDAQ:ZM) Shares Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Zoom Video Communications, Inc. NASDAQ: ZM. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Zoom Video Communications stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Zoom Video Communications Stock Performance

Shares of ZM stock traded up $0.96 during trading hours on Wednesday, reaching $74.98. The company had a trading volume of 606,501 shares, compared to its average volume of 2,559,361. The company has a market capitalization of $22.89 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The stock's fifty day simple moving average is $79.60 and its 200 day simple moving average is $78.41.

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Institutional Trading of Zoom Video Communications

A number of hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in Zoom Video Communications by 177.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $28,000 after purchasing an additional 246 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Zoom Video Communications by 4.4% in the fourth quarter. California State Teachers Retirement System now owns 387,108 shares of the company's stock valued at $31,592,000 after purchasing an additional 16,328 shares in the last quarter. 111 Capital bought a new position in Zoom Video Communications in the 4th quarter worth approximately $456,000. NorthCrest Asset Manangement LLC acquired a new position in Zoom Video Communications during the 4th quarter worth $287,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in Zoom Video Communications in the 4th quarter valued at $7,255,000. 66.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZM. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price target on shares of Zoom Video Communications in a research note on Wednesday, March 19th. Barclays dropped their target price on Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $97.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Morgan Stanley raised their price target on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $87.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $89.33.

Insider Transactions at Zoom Video Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock in a transaction on Monday, March 24th. The stock was sold at an average price of $77.86, for a total transaction of $192,703.50. Following the completion of the sale, the director now directly owns 169,452 shares of the company's stock, valued at $13,193,532.72. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric S. Yuan sold 118,036 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $79.03, for a total transaction of $9,328,385.08. The disclosure for this sale can be found here. Insiders sold a total of 371,746 shares of company stock worth $29,689,595 over the last 90 days. 10.78% of the stock is owned by insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.