Traders Buy Large Lots of Put Options on Zoom Video Communications (NASDAQ:ZM) | Panda Anku

Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) was the recipient of some unusual options deals on Wednesday. Stock traders purchased 98,389 put options on the stock. Compared to the average volume of 51,539 put options, this is an increase of approximately 91%.

Analyst upgrades and downgrades

A number of research analysts have recently commented on ZM stock. Guggenheim lowered its price target for Zoom Video Communications to $130.00 in a research report on Wednesday, May 25. Sanford C. Bernstein began reporting on Zoom Video Communications in a research report on Tuesday, July 19. They gave the company a market perform rating and a target price of $122.00. Deutsche Bank Aktiengesellschaft lowered its target price on Zoom Video Communications from $105.00 to $95.00 in a research report on Tuesday, August 23. Morgan Stanley lowered its target price on Zoom Video Communications from $140.00 to $130.00 and gave the company an overweight rating in a research report on Tuesday, August 23. Finally, Stifel Nicolaus lowered his price target for Zoom Video Communications from $120.00 to $90.00 in a research report on Tuesday, August 23. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target of $139.58.

Performance of Zoom Video Communications shares

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Shares of NASDAQ:ZM fell $1.00 on Wednesday afternoon to hit $80.42. The company’s shares had a trading volume of 186,381 shares compared to an average volume of 5,885,858. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 4.45, and a beta of -0.61. The company has a 50-day moving average price of $105.86 and a 200-day moving average price of $108.41. Zoom Video Communications has a 52-week low of $79.03 and a 52-week high of $348.30.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last issued its earnings results on Monday, August 22nd. The company reported earnings per share of $1.05 for the quarter, beating analyst consensus estimates of $0.94 by $0.11. Zoom Video Communications had a return on equity of 11.87% and a net margin of 23.05%. The company had revenue of $1.10 billion in the quarter, compared to analyst estimates of $1.12 billion. For the same period last year, the company posted $0.98 per share. The company’s revenue increased 7.6% compared to the prior-year quarter. As a group, research analysts expect Zoom Video Communications to report year-to-date earnings per share of 1.31.

Insider buys and sells at Zoom Video Communications

In other news from Zoom Video Communications, COO Aparna Bawa sold 2,000 shares of the stock in a transaction Tuesday, June 28. The stock sold at an average price of $116.62 for a total value of $233,240.00. Upon completion of the sale, the Chief Operating Officer now directly owns 77,676 shares of the Company, valued at $9,058,575.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In other news from Zoom Video Communications, COO Aparna Bawa sold 2,000 shares of the stock in a transaction Tuesday, June 28. The stock sold at an average price of $116.62 for a total value of $233,240.00. Upon completion of the sale, the Chief Operating Officer now directly owns 77,676 shares of the Company, valued at $9,058,575.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, CFO Kelly Steckelberg sold 6,700 shares of the stock in a transaction on Wednesday, June 29. The stock sold at an average price of $112.04 for a total value of $750,668.00. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 41,523 shares of the company’s shares for $4,436,354. 11.24% of the shares are currently owned by company insiders.

Institutional trading in Zoom video communications

Hedge funds and other institutional investors have recently added to or reduced their holdings in the stock. Rise Advisors LLC bought a new position in Zoom Video Communications stock valued at approximately $26,000 during the fourth quarter. Tyler Stone Wealth Management bought a new position in Zoom Video Communications stock worth about $38,000 during the fourth quarter. Covestor Ltd acquired a new position in Zoom Video Communications stock valued at approximately $41,000 during the fourth quarter. Ronald Blue Trust Inc. bought a new position in Zoom Video Communications stock valued at about $27,000 during the second quarter. Finally, Cornerstone Advisory LLC acquired a new position in Zoom Video Communications for approximately $44,000 during the fourth quarter. 52.86% of the shares are owned by institutional investors.

Via Zoom video communication

(get rating)

Zoom Video Communications, Inc provides a unified communications platform across the Americas, Asia Pacific, Europe, Middle East and Africa. The Company offers Zoom Meetings that offer HD video, voice, chat and content sharing across mobile devices, desktops, laptops, phones and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat allows users to share messages, images, audio, and content across desktops, laptops, tablets, and mobile devices.

Selected items

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