Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 12,100 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total value of $1,212,057.00. Following the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at approximately $2,303,709.66. This represents a 34.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $104.50 on Friday. The business has a 50 day simple moving average of $92.59 and a 200 day simple moving average of $89.86. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The stock has a market cap of $30.64 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 5.43 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data 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 analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. 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 predict that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Thursday, July 2nd. Benchmark upped their price target on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Piper Sandler increased their price objective on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Morgan Stanley raised their price objective on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Zoom Communications in a report on Thursday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Zoom Communications by 43.9% during the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares during the last quarter. State Street Corp lifted its position in shares of Zoom Communications by 5.0% during the 4th quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares during the last quarter. Norges Bank bought a new stake in Zoom Communications during the 4th quarter valued at approximately $509,788,000. Finally, Geode Capital Management LLC boosted its stake in Zoom Communications by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares during the period. Institutional investors own 66.54% 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.