K.J. Harrison & Partners Inc Invests $777,000 in Zoom Communications, Inc. $ZM

K.J. Harrison & Partners Inc bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 9,000 shares of the company’s stock, valued at approximately $777,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after acquiring an additional 1,607,253 shares during the period. Two Sigma Investments LP purchased a new position in Zoom Communications during the 3rd quarter valued at about $86,709,000. Vanguard Group Inc. lifted its position in Zoom Communications by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after acquiring an additional 1,029,623 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Zoom Communications by 46.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock valued at $218,282,000 after acquiring an additional 836,594 shares during the period. Finally, Amundi lifted its position in Zoom Communications by 87.4% during the 3rd quarter. Amundi now owns 1,637,670 shares of the company’s stock valued at $132,700,000 after acquiring an additional 763,779 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Stock Up 3.1%

Shares of ZM stock opened at $108.36 on Friday. The company has a 50 day moving average price of $83.24 and a 200-day moving average price of $85.37. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $109.50. The firm has a market capitalization of $31.93 billion, a PE ratio of 17.48, a P/E/G ratio of 6.01 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last announced 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). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. 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. Analysts anticipate that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Insider Transactions at Zoom Communications

In other news, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the transaction, the chief financial officer owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. The trade was a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Eric S. Yuan sold 69,923 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the sale, the chief executive officer directly owned 36,796 shares in the company, valued at approximately $2,988,571.12. The trade was a 65.52% 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. In the last three months, insiders have sold 144,329 shares of company stock valued at $12,364,989. 11.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Tuesday, February 24th. KeyCorp lifted their price target on shares of Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Citigroup upgraded shares of Zoom Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Argus upgraded shares of Zoom Communications to a “hold” rating in a research note on Monday, March 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $115.00 price objective on shares of Zoom Communications in a research note on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $95.32.

Key Stories Impacting Zoom Communications

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Product & leadership moves that support growth thesis — Zoom named a new Chief Product Officer and is pushing AI?focused product initiatives aimed at SMBs and “solopreneurs,” which investors view as diversification beyond meetings. Read More.
• Positive Sentiment: New customer/market programs — the Solopreneur 50 grants and related research highlight efforts to monetize AI?enabled one?person businesses and extend addressable market. Read More.
• Positive Sentiment: Technical momentum & institutional support — the stock cleared a cup?with?handle breakout and received an IBD upgrade, and large institutions have added meaningful positions recently, which can attract momentum flows. Read More.
• Neutral Sentiment: Company fundamentals & valuation — Zoom slightly missed EPS in February ($1.44 vs. $1.48 est.), provided FY?2027 guidance, and debate continues about valuation (~18x earnings for some observers). These are background fundamentals rather than an immediate catalyst. Read More.
• Negative Sentiment: Insider selling — CEO Eric Yuan sold 12,100 shares (avg ~$106.60) and a director also sold shares; both trades were executed under Rule 10b5?1 plans, but such filings can create near?term selling pressure and prompt caution from momentum traders. Read More.
• Negative Sentiment: Short?term profit?taking & sector rotation — ZM recently snapped a six?session winning streak and fell in the prior session amid profit?taking and a broader rotation away from high?beta cloud/software names, a risk that can compress multiples. Read More.

Zoom Communications Company 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.