Deprecated: Constant FILTER_SANITIZE_STRING is deprecated in /home/telephon/domains/telephony.news/public_html/wp-content/plugins/wordpress-seo/src/conditionals/third-party/elementor-edit-conditional.php on line 22

Deprecated: Constant FILTER_SANITIZE_STRING is deprecated in /home/telephon/domains/telephony.news/public_html/wp-content/plugins/wordpress-seo/src/conditionals/third-party/elementor-edit-conditional.php on line 28

Deprecated: Return type of Requests_Cookie_Jar::offsetExists($key) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Cookie/Jar.php on line 63

Deprecated: Return type of Requests_Cookie_Jar::offsetGet($key) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Cookie/Jar.php on line 73

Deprecated: Return type of Requests_Cookie_Jar::offsetSet($key, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Cookie/Jar.php on line 89

Deprecated: Return type of Requests_Cookie_Jar::offsetUnset($key) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Cookie/Jar.php on line 102

Deprecated: Return type of Requests_Cookie_Jar::getIterator() should either be compatible with IteratorAggregate::getIterator(): Traversable, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Cookie/Jar.php on line 111

Deprecated: Return type of Requests_Utility_CaseInsensitiveDictionary::offsetExists($key) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Utility/CaseInsensitiveDictionary.php on line 40

Deprecated: Return type of Requests_Utility_CaseInsensitiveDictionary::offsetGet($key) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Utility/CaseInsensitiveDictionary.php on line 51

Deprecated: Return type of Requests_Utility_CaseInsensitiveDictionary::offsetSet($key, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Utility/CaseInsensitiveDictionary.php on line 68

Deprecated: Return type of Requests_Utility_CaseInsensitiveDictionary::offsetUnset($key) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Utility/CaseInsensitiveDictionary.php on line 82

Deprecated: Return type of Requests_Utility_CaseInsensitiveDictionary::getIterator() should either be compatible with IteratorAggregate::getIterator(): Traversable, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/telephon/domains/telephony.news/public_html/wp-includes/Requests/Utility/CaseInsensitiveDictionary.php on line 91
Stock Traders Purchase Large Volume of Zoom Video Communications Put Options (NASDAQ:ZM) - Telephony News
Deprecated: strtolower(): Passing null to parameter #1 ($string) of type string is deprecated in /home/telephon/domains/telephony.news/public_html/wp-content/plugins/wordpress-seo/src/generators/schema-generator.php on line 176

Stock Traders Purchase Large Volume of Zoom Video Communications Put Options (NASDAQ:ZM)

Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) was the target of unusually large options trading on Wednesday. Stock investors acquired 108,796 put options on the stock. This is an increase of approximately 81% compared to the typical volume of 60,005 put options.

Insiders Place Their Bets

In other news, insider Velchamy Sankarlingam sold 2,374 shares of the firm’s stock in a transaction dated Saturday, October 8th. The stock was sold at an average price of $71.59, for a total value of $169,954.66. Following the completion of the transaction, the insider now directly owns 15,869 shares in the company, valued at $1,136,061.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ZM. Public Investment Fund bought a new position in shares of Zoom Video Communications in the 2nd quarter valued at about $507,208,000. Vanguard Group Inc. grew its position in shares of Zoom Video Communications by 23.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,125,004 shares of the company’s stock valued at $1,260,230,000 after acquiring an additional 3,241,291 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Zoom Video Communications by 61.0% during the 1st quarter. Renaissance Technologies LLC now owns 6,449,306 shares of the company’s stock worth $756,052,000 after buying an additional 2,444,294 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Zoom Video Communications by 20.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,341,298 shares of the company’s stock worth $466,656,000 after buying an additional 1,071,273 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in shares of Zoom Video Communications by 12.3% during the 3rd quarter. Baillie Gifford & Co. now owns 8,466,914 shares of the company’s stock worth $623,080,000 after buying an additional 929,812 shares during the period. Institutional investors own 52.86% of the company’s stock.

Zoom Video Communications Stock Up 6.0 %

Shares of NASDAQ:ZM traded up $4.26 during midday trading on Wednesday, reaching $74.83. 187,172 shares of the company were exchanged, compared to its average volume of 4,353,511. Zoom Video Communications has a fifty-two week low of $70.29 and a fifty-two week high of $221.40. The stock has a fifty day simple moving average of $78.23 and a two-hundred day simple moving average of $93.28. The firm has a market cap of $22.27 billion, a PE ratio of 30.95, a P/E/G ratio of 3.68 and a beta of -0.29.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last issued its quarterly earnings results on Monday, November 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.23. Zoom Video Communications had a net margin of 16.07% and a return on equity of 8.86%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $0.72 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Zoom Video Communications will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird reduced their price target on Zoom Video Communications from $125.00 to $100.00 in a research report on Friday, November 18th. Benchmark cut their price objective on Zoom Video Communications from $118.00 to $102.00 in a research report on Tuesday, November 22nd. Citigroup cut their price objective on Zoom Video Communications from $76.00 to $72.00 and set a “sell” rating for the company in a research report on Wednesday, November 16th. Stifel Nicolaus cut their price objective on Zoom Video Communications from $90.00 to $80.00 in a research report on Wednesday, November 9th. Finally, BTIG Research cut Zoom Video Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $115.86.

Zoom Video Communications Company Profile

(Get Rating)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Zoom Video Communications, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Zoom Video Communications wasn’t on the list.

While Zoom Video Communications currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source

Leave a Reply

Your email address will not be published. Required fields are marked *