Crossmark Global Holdings Inc. grew its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM – Free Report) by 464.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,374 shares of the company’s stock after acquiring an additional 13,471 shares during the period. Crossmark Global Holdings Inc.’s holdings in Zoom Video Communications were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in shares of Zoom Video Communications during the 3rd quarter valued at about $37,000. Allworth Financial LP lifted its position in shares of Zoom Video Communications by 43.8% in the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after buying an additional 180 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Zoom Video Communications by 56.0% during the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after buying an additional 274 shares during the last quarter. GAMMA Investing LLC grew its holdings in Zoom Video Communications by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $63,000 after buying an additional 164 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Zoom Video Communications by 10,763.6% in the 3rd quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $83,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.
Zoom Video Communications Stock Up 0.2 %
NASDAQ:ZM opened at $80.17 on Friday. The firm has a 50 day moving average of $82.51 and a 200 day moving average of $72.20. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 4.99 and a beta of -0.01.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Zoom Video Communications
Insider Activity
In other Zoom Video Communications news, CAO Shane Crehan sold 1,412 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the transaction, the chief accounting officer now owns 5,404 shares in the company, valued at approximately $425,240.76. This represents a 20.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Chadwick sold 12,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $75.04, for a total transaction of $938,000.00. Following the completion of the transaction, the director now directly owns 1,514 shares of the company’s stock, valued at approximately $113,610.56. This represents a 89.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 489,981 shares of company stock worth $38,712,948. Insiders own 10.78% of the company’s stock.
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.
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