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Why should you keep an eye on Zoom Video Communications Inc (ZM)?

MQ Stock

Zoom Video Communications Inc (NASDAQ: ZM) is -9.98% lower on its value in year-to-date trading and has touched a low of $58.87 and a high of $75.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZM stock was last observed hovering at around $65.37 in the last trading session, with the day’s loss setting it -0.64%.

Currently trading at $64.73, the stock is -3.83% and -2.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.95 million and changing -0.98% at the moment leaves the stock -4.05% off its SMA200. ZM registered -8.31% loss for a year compared to 6-month gain of -5.27%. The firm has a 50-day simple moving average (SMA 50) of $2.92 and a 200-day simple moving average (SMA200) of $20.99.

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The stock witnessed a -8.48% loss in the last 1 month and extending the period to 3 months gives it a -11.44%, and is -1.86% 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 2.38% over the week and 2.33% over the month.

Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $19.91B and $4.53B in sales. Current P/E ratio is 31.52 and Fwd P/E is 12.87. Profit margin for the company is 14.08%. Distance from 52-week low is 9.95% and -14.72% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).

Zoom Video Communications Inc quarterly earnings per share for the current quarter are estimated at $1.19 with sales reaching $1.13B over the same period.The EPS is expected to shrink by -5.54% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to grow 1.90% in year-over-year returns.

Zoom Video Communications Inc (ZM) Top Institutional Holders

1,011 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 76.54% of the company’s shares. The shares outstanding are 260.90M, and float is at 232.75M with Short Float at 5.23%. Institutions hold 69.76% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 21.7 million shares valued at $1.47 billion. The investor’s holdings represent 46.49% of the ZM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.42 million shares valued at $910.87 million to account for 28.76% of the shares outstanding. The other top investors are ARK Investment Management, LLC which holds 10.18 million shares representing 21.82% and valued at over $712.19 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 13.83% of the shares totaling 6.45 million with a market value of $438.14 million.

Zoom Video Communications Inc (ZM) Insider Activity

The most recent transaction is an insider sale by Steckelberg Kelly,the company’sChief Financial Officer. SEC filings show that Steckelberg Kelly sold 5,007 shares of the company’s common stock on Mar 20 ’24 at a price of $66.46 per share for a total of $0.33 million. Following the sale, the insider now owns 0.0 shares.

Zoom Video Communications Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Bawa Aparna (Chief Operating Officer) sold a total of 816 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $66.60 per share for $54342.0. Following the transaction, the insider now directly holds 1978.0 shares of the ZM stock.

Still, SEC filings show that on Mar 12 ’24, Crehan Shane (Chief Accounting Officer) disposed off 1,931 shares at an average price of $70.00 for $0.14 million. The insider now directly holds 0 shares of Zoom Video Communications Inc (ZM).

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