Delta Global Management LP Makes New $2.91 Million Investment in Zoom Communications, Inc. $ZM

Delta Global Management LP acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,184 shares of the company’s stock, valued at approximately $2,909,000.

Other institutional investors have also modified their holdings of the company. Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Zoom Communications in the 1st quarter worth approximately $562,000. Oribel Capital Management LP bought a new position in shares of Zoom Communications during the 1st quarter valued at approximately $15,194,000. Compound Planning Inc. increased its position in shares of Zoom Communications by 3.1% during the 1st quarter. Compound Planning Inc. now owns 8,188 shares of the company’s stock valued at $658,000 after purchasing an additional 248 shares during the last quarter. Modern Wealth Management LLC purchased a new stake in Zoom Communications during the 1st quarter valued at $235,000. Finally, Sei Investments Co. raised its holdings in Zoom Communications by 55.3% during the 1st quarter. Sei Investments Co. now owns 578,408 shares of the company’s stock valued at $46,494,000 after buying an additional 205,860 shares during the period. 66.54% of the stock is owned by institutional investors.

Zoom Communications Stock Up 4.6%

ZM opened at $87.99 on Friday. The business has a fifty day moving average of $93.30 and a 200 day moving average of $88.99. The stock has a market cap of $25.80 billion, a P/E ratio of 12.92, a PEG ratio of 4.72 and a beta of 1.01. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74.

Zoom Communications (NASDAQ:ZM) last released 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 return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’s revenue 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. Equities analysts anticipate that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ZM shares. Wells Fargo & Company lifted their price objective 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. BTIG Research increased their target price on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Citigroup increased 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. Piper Sandler raised their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Tuesday, June 30th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the transaction, the director owned 137,608 shares of the company’s stock, valued at $15,106,606.24. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the sale, the chief financial officer owned 35,452 shares of the company’s stock, valued at $3,219,041.60. The trade was a 19.32% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 48,517 shares of company stock worth $5,061,783. 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.