Motley Fool Asset Management LLC Buys 7,306 Shares of Zoom Communications, Inc. $ZM

Motley Fool Asset Management LLC increased its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,909 shares of the company’s stock after purchasing an additional 7,306 shares during the period. Motley Fool Asset Management LLC’s holdings in Zoom Communications were worth $2,408,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in shares of Zoom Communications during the fourth quarter worth approximately $28,000. Sound Income Strategies LLC raised its stake in shares of Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Activest Wealth Management raised its stake in shares of Zoom Communications by 4,318.2% during the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Zoom Communications by 33.5% during the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares in the last quarter. Finally, MAI Capital Management raised its stake in shares of Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Stock Performance

Shares of Zoom Communications stock opened at $93.96 on Thursday. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The stock has a market capitalization of $27.55 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 5.37 and a beta of 1.01. The company’s 50 day moving average price is $95.51 and its 200-day moving average price is $88.57.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, equities research analysts forecast that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Morgan Stanley lifted their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Mizuho lifted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Finally, Piper Sandler lifted their price target on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Insiders Place Their Bets

In related news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. This represents a 86.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 156,638 shares of company stock worth $13,900,194. Insiders own 11.51% of the company’s stock.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.