![]() ![]() The shares were sold at an average price of $71.59, for a total transaction of $169,954.66. ![]() In other news, insider Velchamy Sankarlingam sold 2,374 shares of Zoom Video Communications stock in a transaction dated Saturday, October 8th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $102.00, for a total value of $683,400.00. In other Zoom Video Communications news, CFO Kelly Steckelberg sold 6,700 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. Based on data from MarketBeat, Zoom Video Communications presently has a consensus rating of “Hold” and a consensus price target of $127.97. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company’s stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Zoom Video Communications from $105.00 to $95.00 in a research note on Tuesday, August 23rd. Morgan Stanley cut shares of Zoom Video Communications from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $90.00 in a research note on Tuesday. They set a “neutral” rating and a $83.00 price target for the company. Credit Suisse Group assumed coverage on shares of Zoom Video Communications in a report on Friday, September 23rd. They issued a “sell” rating and a $86.00 target price on the stock. Moffett Nathanson initiated coverage on shares of Zoom Video Communications in a report on Thursday, September 22nd. Baird cut their target price on Zoom Video Communications from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, August 23rd. Several research firms recently commented on ZM. ![]()
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