On May 24, 2023 at 10:56:32 ET an unusually large $93,810.00K block of Put contracts in Zoom Video Communications Inc – (ZM) was bought, with a strike price of $80.00 / share, expiring in 149 day(s) (on October 20, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 8.48 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in ZM options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1176 funds or institutions reporting positions in Zoom Video Communications Inc -. This is a decrease of 4 owner(s) or 0.34% in the last quarter. Average portfolio weight of all funds dedicated to ZM is 0.25%, a decrease of 10.53%. Total shares owned by institutions decreased in the last three months by 0.32% to 180,845K shares. The put/call ratio of ZM is 0.71, indicating a bullish outlook.
Analyst Price Forecast Suggests 32.21% Upside
As of May 11, 2023, the average one-year price target for Zoom Video Communications Inc – is 86.80. The forecasts range from a low of 68.68 to a high of $110.25. The average price target represents an increase of 32.21% from its latest reported closing price of 65.65.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Zoom Video Communications Inc – is 4,751MM, an increase of 7.38%. The projected annual non-GAAP EPS is 3.73.
What are Other Shareholders Doing?
ARK Investment Management holds 10,867K shares representing 3.65% ownership of the company. In it’s prior filing, the firm reported owning 10,616K shares, representing an increase of 2.31%. The firm decreased its portfolio allocation in ZM by 11.51% over the last quarter.
ARKK – ARK Innovation ETF holds 8,457K shares representing 2.84% ownership of the company. In it’s prior filing, the firm reported owning 8,614K shares, representing a decrease of 1.85%. The firm decreased its portfolio allocation in ZM by 11.64% over the last quarter.
Baillie Gifford holds 8,329K shares representing 2.80% ownership of the company. In it’s prior filing, the firm reported owning 8,420K shares, representing a decrease of 1.10%. The firm decreased its portfolio allocation in ZM by 6.65% over the last quarter.
Renaissance Technologies holds 6,573K shares representing 2.21% ownership of the company. In it’s prior filing, the firm reported owning 7,020K shares, representing a decrease of 6.79%. The firm decreased its portfolio allocation in ZM by 0.99% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 6,351K shares representing 2.14% ownership of the company. In it’s prior filing, the firm reported owning 6,424K shares, representing a decrease of 1.14%. The firm increased its portfolio allocation in ZM by 1.42% over the last quarter.
Zoom Video Communications Background Information
(This description is provided by the company.)
Zoom Video Communications, Inc. brings teams together to get more done in a frictionless and secure video environment. Its easy, reliable, and innovative video-first unified communications platform provides video meetings, voice, webinars, and chat across desktops, phones, mobile devices, and conference room systems. Zoom helps enterprises create elevated experiences with leading business app integrations and developer tools to create customized workflows. Founded in 2011, Zoom is headquartered in San Jose, California, with offices around the world.
Key filings for this company:
This article originally appeared on Fintel
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