Banque Cantonale Vaudoise Sells 11,531 Shares of Zoom Communications, Inc. $ZM

Banque Cantonale Vaudoise decreased its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 56.0% during the first quarter, Holdings Channel reports. The institutional investor owned 9,047 shares of the company’s stock after selling 11,531 shares during the period. Banque Cantonale Vaudoise’s holdings in Zoom Communications were worth $727,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ZM. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications in the fourth quarter valued at about $26,000. Strive Financial Group LLC purchased a new stake in shares of Zoom Communications during the fourth quarter worth about $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Zoom Communications during the fourth quarter worth about $28,000. Sound Income Strategies LLC raised its stake in Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley upped their price target on Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Citigroup raised their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Trading Up 4.3%

Shares of Zoom Communications stock opened at $86.48 on Friday. The firm has a market cap of $25.36 billion, a PE ratio of 12.70, a PEG ratio of 4.77 and a beta of 1.01. The stock has a 50 day moving average of $96.80 and a 200 day moving average of $88.87. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data 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. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. 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 4.09 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. The trade was a 86.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $106.58, for a total value of $562,102.92. Following the sale, the director owned 142,882 shares in the company, valued at approximately $15,228,363.56. This trade represents a 3.56% decrease in their ownership of the stock. 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. Insiders have sold 156,638 shares of company stock worth $13,900,194 in the last quarter. Company insiders own 8.83% 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.