CEO Eric S. Yuan Sells Over $9 Million in Zoom Stock

Eric S. Yuan, the CEO of Zoom Video Communications, Inc. (NASDAQ:ZM), executed a significant stock sale recently. On January 13th, he sold a total of 118,036 shares. The shares were sold at an average price of $79.03, amounting to a total transaction value of $9,328,385.08. Details of this transaction were made public through a filing with the SEC, which can be accessed on their website.

Recent Stock Performance

On the same day, Zoom's stock experienced a slight increase of 1.3%, reaching a trading price of $80.26. This was supported by a trading volume of 2,045,708 shares, which is slightly below its average volume of 2,117,801. The company's market capitalization stands at approximately $24.60 billion. Currently, its price-to-earnings ratio is 26.75, and the PEG ratio is noted at 5.29. Additionally, the stock has a beta of -0.01, indicating its low volatility. Over the past year, the stock has fluctuated, hitting a low of $55.06 and a high of $92.80.

Analyst Outlook

Zoom Video Communications has been a subject of various research reports lately. Scotiabank has recently upgraded its rating to "hold". Sanford C. Bernstein also raised its price target from $78.00 to $89.00 and classified the stock as "market perform". UBS Group increased its price target from $75.00 to $90.00, maintaining a "neutral" rating. Additionally, Benchmark raised their price objective from $85.00 to $97.00 with a "buy" rating, while Mizuho upgraded their target from $90.00 to $105.00 with an "outperform" rating. Overall, one analyst rates the stock as a sell, fifteen as a hold, eight as a buy, and one as a strong buy. The average rating for Zoom Video Communications is "Hold" with a target price of $87.81 according to MarketBeat.com.

Institutional Investor Activity

Recent activities among institutional investors reveal interest in Zoom Video Communications. Truvestments Capital LLC has acquired a new stake in the company valued around $37,000. Allworth Financial LP increased its holdings by 43.8% in the third quarter and now owns 591 shares, worth approximately $41,000. Venturi Wealth Management LLC saw a 56.0% increase in its holdings, reaching 763 shares valued at about $53,000. Meanwhile, GAMMA Investing LLC grew its stake by 27.1% to 770 shares worth $63,000. True Wealth Design LLC made significant moves, amplifying its stake by 10,763.6%. Currently, institutional investors hold about 66.54% of Zoom's total stock.

About Zoom Video Communications

Zoom Video Communications, Inc. specializes in providing a unified communication platform across various global regions, including the Americas, Asia Pacific, Europe, the Middle East, and Africa. Their offerings include Zoom Meetings, which facilitates HD video, voice calls, and chat features; Zoom Phone, an enterprise cloud phone service; and Zoom Chat for user messaging.

CEO, stock, sale