Insider Selling: Zoom Communications (NASDAQ:ZM) Insider Sells $628,120.00 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the completion of the sale, the insider owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Velchamy Sankarlingam also recently made the following trade(s):

• On Wednesday, September 10th, Velchamy Sankarlingam sold 2,595 shares of Zoom Communications stock. The shares were sold at an average price of $85.09, for a total value of $220,808.55.

Zoom Communications Stock Up 0.4%

Shares of Zoom Communications stock opened at $79.83 on Friday. The business has a 50 day moving average of $80.37 and a 200 day moving average of $77.77. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The company has a market cap of $24.15 billion, a PE ratio of 21.06, a P/E/G ratio of 10.85 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZM. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Stifel Nicolaus increased their target price on Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, September 18th. Dbs Bank upgraded Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Robert W. Baird reduced their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. Finally, Mizuho increased their price objective on Zoom Communications from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Zoom Communications by 18.5% in the first quarter. Principal Financial Group Inc. now owns 175,918 shares of the company’s stock worth $12,977,000 after acquiring an additional 27,430 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Zoom Communications by 15.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,928 shares of the company’s stock worth $880,000 after purchasing an additional 1,601 shares in the last quarter. Yousif Capital Management LLC grew its position in Zoom Communications by 31.9% during the 1st quarter. Yousif Capital Management LLC now owns 4,453 shares of the company’s stock valued at $328,000 after purchasing an additional 1,076 shares during the last quarter. Spire Wealth Management increased its stake in Zoom Communications by 990.6% during the 1st quarter. Spire Wealth Management now owns 1,396 shares of the company’s stock valued at $103,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Circle Wealth Management LLC raised its holdings in Zoom Communications by 201.6% in the first quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock worth $1,504,000 after buying an additional 13,629 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Company Profile

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.