Swedbank AB Raises Holdings in Zoom Communications, Inc. $ZM

Swedbank AB increased its position in Zoom Communications, Inc. (NASDAQ:ZM) by 18.3% in the 1st quarter, HoldingsChannel reports. The fund owned 131,416 shares of the company’s stock after purchasing an additional 20,300 shares during the period. Swedbank AB’s holdings in Zoom Communications were worth $10,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZM. Kathmere Capital Management LLC purchased a new position in shares of Zoom Communications in the first quarter worth about $271,000. DGS Capital Management LLC lifted its stake in shares of Zoom Communications by 6.1% during the 1st quarter. DGS Capital Management LLC now owns 4,120 shares of the company’s stock valued at $331,000 after buying an additional 236 shares in the last quarter. Praxis Investment Management Inc. boosted its holdings in Zoom Communications by 54.3% in the 1st quarter. Praxis Investment Management Inc. now owns 11,942 shares of the company’s stock worth $960,000 after buying an additional 4,204 shares during the period. V Square Quantitative Management LLC boosted its holdings in Zoom Communications by 100.4% in the 1st quarter. V Square Quantitative Management LLC now owns 505 shares of the company’s stock worth $41,000 after buying an additional 253 shares during the period. Finally, QRG Capital Management Inc. grew its stake in Zoom Communications by 18.6% in the 1st quarter. QRG Capital Management Inc. now owns 40,060 shares of the company’s stock valued at $3,220,000 after buying an additional 6,280 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZM has been the subject of several recent research reports. Weiss Ratings cut Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Rosenblatt Securities raised their target price on Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. HSBC raised their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications Stock Down 0.1%

NASDAQ:ZM traded down $0.12 during trading hours on Friday, hitting $89.76. 2,731,572 shares of the company’s stock traded hands, compared to its average volume of 3,585,611. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The business’s fifty day simple moving average is $96.13 and its two-hundred day simple moving average is $88.78. The firm has a market cap of $26.32 billion, a P/E ratio of 13.18, a P/E/G ratio of 4.96 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.13. The firm 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 was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, analysts expect that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Insider Activity at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the transaction, the insider owned 141,971 shares of the company’s stock, valued at $12,130,002.24. The trade was a 5.11% decrease in their position. The transaction was disclosed in a filing 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 stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at $173,312.36. The trade was a 86.69% decrease in their position. 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 three months, insiders sold 150,786 shares of company stock valued at $13,447,594. Company insiders own 8.83% of the company’s stock.

Zoom Communications 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.