Gilder Gagnon Howe & Co. LLC Sells 49,369 Shares of Zoom Video Communications Inc (NASDAQ:ZM)

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Gilder Gagnon Howe & Co. LLC decreased its holdings in Zoom Video Communications Inc (NASDAQ:ZM) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,172,227 shares of the company’s stock after selling 49,369 shares during the quarter. Zoom Video Communications accounts for about 2.3% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 7th largest position. Gilder Gagnon Howe & Co. LLC owned approximately 0.42% of Zoom Video Communications worth $297,206,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Parkside Financial Bank & Trust grew its position in Zoom Video Communications by 65.6% in the second quarter. Parkside Financial Bank & Trust now owns 149 shares of the company’s stock worth $37,000 after buying an additional 59 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in Zoom Video Communications by 80.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 135 shares of the company’s stock worth $34,000 after purchasing an additional 60 shares during the period. Synovus Financial Corp boosted its stake in Zoom Video Communications by 19.8% in the 2nd quarter. Synovus Financial Corp now owns 412 shares of the company’s stock worth $106,000 after purchasing an additional 68 shares during the period. Versant Capital Management Inc boosted its stake in Zoom Video Communications by 43.6% in the 2nd quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $59,000 after purchasing an additional 71 shares during the period. Finally, Toth Financial Advisory Corp boosted its stake in Zoom Video Communications by 24.2% in the 2nd quarter. Toth Financial Advisory Corp now owns 385 shares of the company’s stock worth $98,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 37.97% of the company’s stock.

In other news, Director Bart Swanson sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $215.00, for a total transaction of $645,000.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $645,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimberly Hammonds sold 3,125 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $205.91, for a total transaction of $643,468.75. Following the transaction, the director now owns 3,125 shares in the company, valued at approximately $643,468.75. The disclosure for this sale can be found here. Insiders sold a total of 388,295 shares of company stock worth $95,509,890 in the last quarter. Insiders own 24.25% of the company’s stock.

Shares of Zoom Video Communications stock traded down $11.43 during midday trading on Friday, reaching $369.89. 13,147,262 shares of the company’s stock traded hands, compared to its average volume of 10,559,238. The company has a market cap of $104.35 billion, a price-to-earnings ratio of 425.16, a price-to-earnings-growth ratio of 9.33 and a beta of -1.24. Zoom Video Communications Inc has a 52 week low of $60.97 and a 52 week high of $478.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.72 and a current ratio of 1.72. The company’s 50 day simple moving average is $274.28 and its 200 day simple moving average is $195.13.

Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Monday, August 31st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.45 by $0.47. The firm had revenue of $663.50 million for the quarter, compared to the consensus estimate of $500.37 million. Zoom Video Communications had a net margin of 17.10% and a return on equity of 30.96%. The business’s quarterly revenue was up 354.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. As a group, equities research analysts predict that Zoom Video Communications Inc will post 1.59 earnings per share for the current year.

ZM has been the subject of a number of recent analyst reports. Stephens reaffirmed a “neutral” rating and issued a $220.00 price objective on shares of Zoom Video Communications in a research note on Monday, July 20th. Needham & Company LLC raised their price objective on shares of Zoom Video Communications from $230.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Royal Bank of Canada raised their price objective on shares of Zoom Video Communications from $300.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 1st. FBN Securities raised their price objective on shares of Zoom Video Communications from $250.00 to $525.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 1st. Finally, KeyCorp reissued a “buy” rating on shares of Zoom Video Communications in a research note on Monday, August 17th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $355.00.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first communications platform that changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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