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 March 4th. 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 Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 3/3/2025.

Zoom Video Communications Price Performance

Shares of ZM stock traded down $1.07 during midday trading on Monday, hitting $73.77. The company had a trading volume of 2,204,665 shares, compared to its average volume of 3,098,762. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The company's 50 day simple moving average is $79.78 and its 200 day simple moving average is $78.31. The stock has a market cap of $22.52 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 5.48 and a beta of 0.26.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $95.00 target price on shares of Zoom Video Communications in a report on Wednesday, March 19th. Jefferies Financial Group upgraded Zoom Video Communications from a "hold" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $100.00 in a research report on Thursday, December 19th. Wells Fargo & Company raised Zoom Video Communications from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $70.00 to $85.00 in a research note on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Zoom Video Communications in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $87.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen equities 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 company's stock. According to data from MarketBeat.com, Zoom Video Communications has an average rating of "Hold" and an average target price of $89.33.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ZM. California State Teachers Retirement System raised its stake in shares of Zoom Video Communications by 4.4% in the 4th quarter. California State Teachers Retirement System now owns 387,108 shares of the company's stock valued at $31,592,000 after acquiring an additional 16,328 shares during the period. 111 Capital purchased a new position in Zoom Video Communications in the fourth quarter valued at about $456,000. NorthCrest Asset Manangement LLC acquired a new position in shares of Zoom Video Communications during the fourth quarter worth about $287,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Zoom Video Communications in the fourth quarter worth about $7,255,000. Finally, Siemens Fonds Invest GmbH raised its holdings in shares of Zoom Video Communications by 3.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,732 shares of the company's stock valued at $391,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 66.54% of the company's stock.

Insider Buying and Selling

In other Zoom Video Communications news, Director Santiago Subotovsky sold 2,475 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $77.86, for a total value of $192,703.50. Following the transaction, the director now directly owns 169,452 shares of the company's stock, valued at $13,193,532.72. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric S. Yuan sold 75,531 shares of Zoom Video Communications stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 371,746 shares of company stock valued at $29,689,595. Corporate insiders own 10.78% of the company's stock.

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.