1,153 institutions hold shares in Zoom Video Communications Inc. (ZM), with 2.94M shares held by insiders accounting for 1.03% while institutional investors hold 57.73% of the company’s shares. The shares outstanding are 284.78M, and float is at 196.66M with Short Float at 3.66%. Institutions hold 57.14% of the Float.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The top institutional shareholder in the company is Morgan Stanley with over 14.46 million shares valued at $6.8 billion. The investor’s holdings represent 7.28% of the ZM Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.83 million shares valued at $5.09 billion to account for 5.45% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.72 million shares representing 5.39% and valued at over $3.61 billion, while Baillie Gifford and Company holds 3.32% of the shares totaling 6.61 million with a market value of $2.23 billion.
Zoom Video Communications Inc. (NASDAQ: ZM) is 16.90% higher on its value in year-to-date trading and has touched a low of $97.02 and a high of $588.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZM stock was last observed hovering at around $417.26 in the last trading session, with the day’s loss setting it -22.92% off its average median price target of $450.00 for the next 12 months. It is also 35.35% off the consensus price target high of $610.00 offered by 28 analysts, but current levels are -15.98% lower than the price target low of $340.00 for the same period.
Currently trading at $394.34, the stock is -2.41% and 1.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.29 million and changing -5.49% at the moment leaves the stock 13.05% off its SMA200. ZM registered 287.52% gain for a year compared to 6-month gain of 35.66%. The firm has a 50-day simple moving average (SMA 50) of $388.65 and a 200-day simple moving average (SMA200) of $407.94.
The stock witnessed a 3.01% loss in the last 1 month and extending the period to 3 months gives it a -4.99%, and is -8.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.14% over the week and 4.77% over the month.
Zoom Video Communications Inc. (ZM) has around 2409 employees, a market worth around $114.97B and $1.96B in sales. Current P/E ratio is 274.61 and Fwd P/E is 131.84. Profit margin for the company is 22.40%. Distance from 52-week low is 306.45% and -33.03% from its 52-week high. The company has generated returns on investments over the last 12 months (1.40%).
Zoom Video Communications Inc. (ZM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Zoom Video Communications Inc. (ZM) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.40, where 15 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Zoom Video Communications Inc. is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at $0.79 with sales reaching $811.77M over the same period.The EPS is expected to grow by 731.40% this year, but quarterly earnings will post 314.50% year-over-year. Quarterly sales are estimated to grow 331.20% in year-over-year returns.
Zoom Video Communications Inc. (ZM) Insider Activity
A total of 113 insider transactions have happened at Zoom Video Communications Inc. (ZM) in the last six months, with sales accounting for 99 and purchases happening 14 times. The most recent transaction is an insider sale by Swanson Bart, the company’s Director. SEC filings show that Swanson Bart sold 2,000 shares of the company’s common stock on Feb 01 at a price of $368.45 per share for a total of $0.74 million. Following the sale, the insider now owns 0.0 shares.
Zoom Video Communications Inc. disclosed in a document filed with the SEC on Jan 21 that Yuan Eric S. (Chief Executive Officer) sold a total of 70,142 shares of the company’s common stock. The trade occurred on Jan 21 and was made at $378.04 per share for $26.52 million. Following the transaction, the insider now directly holds 0.0 shares of the ZM stock.
Still, SEC filings show that on Jan 20, Yuan Eric S. (Chief Executive Officer) disposed off 70,142 shares at an average price of $381.38 for $26.75 million. The insider now directly holds 107,142 shares of Zoom Video Communications Inc. (ZM).