Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Zoom Communications, Inc. $ZM

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 162,476 shares of the company’s stock, valued at approximately $14,020,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZM. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the fourth quarter valued at $28,000. Root Financial Partners LLC bought a new position in shares of Zoom Communications during the third quarter valued at $33,000. Sound Income Strategies LLC lifted its holdings in Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Cloud Capital Management LLC bought a new position in Zoom Communications in the third quarter valued at about $42,000. Finally, Activest Wealth Management lifted its holdings in Zoom Communications by 4,318.2% in the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares during the period. 66.54% of the stock is owned by institutional investors.

Zoom Communications Trading Down 1.5%

NASDAQ:ZM opened at $97.39 on Wednesday. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $111.56. The stock has a 50-day moving average price of $87.29 and a 200 day moving average price of $86.41. The stock has a market capitalization of $28.70 billion, a P/E ratio of 15.71, a P/E/G ratio of 5.66 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, research analysts predict that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total transaction of $1,289,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the sale, the insider owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This represents a 5.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 144,329 shares of company stock valued at $12,364,989 in the last three months. 10.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on ZM shares. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Benchmark lowered their target price on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Fourteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and an average price target of $97.05.

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.