Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells 1,442 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 1,442 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $100.14, for a total transaction of $144,401.88. Following the sale, the director owned 116,512 shares of the company’s stock, valued at approximately $11,667,511.68. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total value of $69,283.71.
• On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The stock was sold at an average price of $100.43, for a total transaction of $2,008.60.
• On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The shares were sold at an average price of $100.56, for a total transaction of $383,334.72.
• On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $93.74, for a total transaction of $247,192.38.
• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total transaction of $254,813.31.
• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The stock was sold at an average price of $101.33, for a total value of $801,621.63.

Zoom Communications Price Performance

NASDAQ:ZM traded down $2.16 on Friday, reaching $95.50. The stock had a trading volume of 1,741,605 shares, compared to its average volume of 3,855,913. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The firm’s fifty day moving average is $95.78 and its two-hundred day moving average is $91.86. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 4.47 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, research analysts forecast that Zoom Communications, Inc. will post 4.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZM. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Thursday, October 22nd. Bank of America started coverage on Zoom Communications in a report on Wednesday, August 19th. They set a “buy” rating and a $130.00 price target on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 price objective on shares of Zoom Communications in a report on Wednesday, October 21st. BTIG Research restated a “buy” rating and issued a $125.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $108.00 target price on shares of Zoom Communications in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus price target of $114.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its stake in shares of Zoom Communications by 10.8% during the 1st quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock worth $208,680,000 after acquiring an additional 253,181 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Zoom Communications by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company’s stock worth $189,051,000 after buying an additional 94,043 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Zoom Communications by 50.5% during the first quarter. Bank of America Corp DE now owns 1,767,728 shares of the company’s stock valued at $142,108,000 after buying an additional 592,899 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Zoom Communications by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 1,411,745 shares of the company’s stock valued at $113,490,000 after purchasing an additional 434,981 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Zoom Communications by 2.8% in the first quarter. First Trust Advisors LP now owns 1,362,501 shares of the company’s stock worth $109,531,000 after acquiring an additional 36,657 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company’s product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.