Versant Capital Management Inc Acquires 523 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Versant Capital Management Inc grew its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 53.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,509 shares of the company’s stock after purchasing an additional 523 shares during the period. Versant Capital Management Inc’s holdings in Zoom Video Communications were worth $123,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Baker Avenue Asset Management LP boosted its holdings in Zoom Video Communications by 82.1% in the third quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company’s stock valued at $1,994,000 after acquiring an additional 12,890 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Zoom Video Communications during the second quarter worth $763,000. HighTower Advisors LLC raised its stake in Zoom Video Communications by 449.4% during the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock worth $4,429,000 after buying an additional 52,039 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Zoom Video Communications by 15.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after buying an additional 167,618 shares during the period. Finally, National Pension Service boosted its position in Zoom Video Communications by 30.1% during the third quarter. National Pension Service now owns 655,227 shares of the company’s stock valued at $45,696,000 after acquiring an additional 151,728 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

ZM opened at $82.70 on Friday. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 5.29 and a beta of -0.03. The firm’s fifty day moving average price is $82.20 and its two-hundred day moving average price is $69.94.

Insider Activity at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 178,571 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total transaction of $13,733,895.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Shane Crehan sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $131,741.94. Following the sale, the chief accounting officer now owns 3,251 shares of the company’s stock, valued at $276,139.94. This trade represents a 32.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 419,612 shares of company stock valued at $31,763,516 over the last ninety days. Corporate insiders own 10.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ZM shares. Mizuho lifted their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised Zoom Video Communications from a “hold” rating to a “buy” rating and boosted their price target for the company from $85.00 to $100.00 in a research note on Thursday, December 19th. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $115.00 in a research report on Tuesday, November 26th. Scotiabank upgraded shares of Zoom Video Communications to a “hold” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group raised their price target on shares of Zoom Video Communications from $72.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.10.

About Zoom Video Communications

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.