Over the last quarter alone insiders have sold off more than 86k shares worth over $6 million leaving just under 11% owned by corporate insiders.ĭespite these concerns Zoom remains a popular choice amongst customers across several industries from education to finance with many using its platform for distance learning and remote working among other things. While it is perfectly legal for company insiders to sell their own shares at market rates it does leave some investors questioning whether they should do the same or hold on tight to what they have. Additionally, COO Aparna Bawa unloaded 14k shares valued at approximately $993k last month. CFO Kelly Steckelberg sold over 3k shares of the company’s stock at an average price of $67.80 in January netting $218,587.20 in proceeds from the sale. The fund, which owns 0.09% of Zoom Video Communications’ shares now boasts a total holding of 273,762 shares worth about $18,545,000.Īs with any company gaining traction and experiencing growth at breakneck speed, there are those who have decided it’s time to cash out. It is interesting to note that New York State Common Retirement Fund has increased its stake in Zoom Video Communications by 1.6% during the last quarter as per the Securities and Exchange Commission filing. The firm offers a range of services including meetings, chat, rooms and workspaces, phone systems, video webinars etc. One such provider of video communication service that has gained immense popularity is Zoom Video Communications, Inc.

The love for video conferencing has grown exponentially over the past year.

Zoom video communication inc