Graham Capital Management L.P. Buys 27,984 Shares of Zoom Communications, Inc. $ZM

Graham Capital Management L.P. raised its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 149.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,720 shares of the company’s stock after buying an additional 27,984 shares during the period. Graham Capital Management L.P.’s holdings in Zoom Communications were worth $4,031,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ZM. Advocate Investing Services LLC bought a new stake in shares of Zoom Communications during the fourth quarter worth $26,000. Toth Financial Advisory Corp bought a new stake in shares of Zoom Communications during the fourth quarter worth $28,000. Sound Income Strategies LLC grew 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 buying an additional 200 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Zoom Communications by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Finally, Activest Wealth Management grew 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 buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Price Performance

ZM opened at $92.07 on Wednesday. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The firm has a market capitalization of $27.00 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 5.23 and a beta of 1.01. The company’s 50 day moving average price is $96.44 and its two-hundred day moving average price is $88.88.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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 predict that Zoom Communications, Inc. will post 4.06 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total transaction of $1,350,481.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the sale, the insider directly owned 141,971 shares in the company, valued at $12,130,002.24. The trade was a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 156,638 shares of company stock valued at $13,900,194. 8.83% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley boosted their target price 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. Sanford C. Bernstein decreased their target price on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Cantor Fitzgerald boosted their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Needham & Company LLC boosted their target price on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Company Profile

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.