Machina Capital S.A.S. Sells 5,091 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Machina Capital S.A.S. lessened its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 60.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,393 shares of the company's stock after selling 5,091 shares during the period. Machina Capital S.A.S.'s holdings in Zoom Video Communications were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings in shares of Zoom Video Communications by 127.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock worth $28,000 after acquiring an additional 190 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock valued at $29,000 after buying an additional 258 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Zoom Video Communications by 291.2% during the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock valued at $29,000 after buying an additional 265 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Zoom Video Communications during the fourth quarter valued at $39,000. Finally, Truvestments Capital LLC purchased a new position in shares of Zoom Video Communications during the third quarter valued at $37,000. Institutional investors own 66.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ZM shares. Evercore ISI upgraded Zoom Video Communications from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $70.00 to $115.00 in a report on Tuesday, November 26th. Benchmark reiterated a "buy" rating and set a $97.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. UBS Group lowered their price target on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Cantor Fitzgerald reiterated a "neutral" rating and set a $87.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their price target on Zoom Video Communications from $72.00 to $86.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zoom Video Communications has an average rating of "Hold" and an average price target of $90.05.

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Insider Activity at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 33,751 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $78.69, for a total value of $2,655,866.19. Following the sale, the chief executive officer now directly owns 34,703 shares in the company, valued at approximately $2,730,779.07. This represents a 49.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Aparna Bawa sold 9,317 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total value of $733,154.73. Following the completion of the sale, the chief operating officer now owns 14,053 shares in the company, valued at approximately $1,105,830.57. This represents a 39.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 369,271 shares of company stock worth $29,496,892 over the last three months. Company insiders own 10.78% of the company's stock.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM traded up $0.80 during trading hours on Wednesday, hitting $73.95. 1,941,878 shares of the company's stock were exchanged, compared to its average volume of 2,747,797. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80. The stock has a market capitalization of $22.67 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 5.48 and a beta of 0.26. The company's 50-day moving average price is $80.80 and its 200-day moving average price is $77.64.

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.