Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells $801,621.63 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares of the company’s stock, valued at $12,874,989.80. This represents a 5.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $90.15, for a total value of $237,725.55.
• On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The shares were sold at an average price of $109.78, for a total value of $578,979.72.

Zoom Communications Price Performance

Shares of ZM opened at $104.50 on Friday. The firm has a market cap of $30.64 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 5.60 and a beta of 1.00. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $114.74. The company has a 50 day simple moving average of $92.59 and a two-hundred day simple moving average of $89.86.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $1.43 EPS. Zoom Communications’s revenue for the quarter 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. On average, sell-side analysts anticipate that Zoom Communications, Inc. will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after buying an additional 1,153 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after purchasing an additional 6,235 shares during the period. Geneos Wealth Management Inc. grew its stake in Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after purchasing an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Zoom Communications during the 2nd quarter worth $217,000. Finally, Invesco Ltd. raised its position in Zoom Communications by 7.0% during the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after purchasing an additional 47,749 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZM. Robert W. Baird lifted their price target on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of Zoom Communications in a report on Tuesday, June 30th. Citigroup boosted their target price on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a report on Thursday, July 2nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

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.