Plato Investment Management Ltd Buys 6,334 Shares of Zoom Communications, Inc. $ZM

Plato Investment Management Ltd boosted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 63.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,327 shares of the company’s stock after acquiring an additional 6,334 shares during the quarter. Plato Investment Management Ltd’s holdings in Zoom Communications were worth $1,269,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Zoom Communications by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock valued at $1,829,249,000 after acquiring an additional 624,863 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Zoom Communications by 0.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock valued at $473,732,000 after buying an additional 36,210 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Zoom Communications by 63.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock valued at $166,651,000 after buying an additional 830,393 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Zoom Communications by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company’s stock valued at $123,912,000 after buying an additional 16,819 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Zoom Communications by 119.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock valued at $103,670,000 after buying an additional 765,092 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZM. Zacks Research upgraded shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Morgan Stanley began coverage on shares of Zoom Communications in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, Robert W. Baird lowered their price target on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.74.

Zoom Communications Price Performance

Shares of ZM opened at $87.23 on Monday. The firm has a 50-day moving average of $82.72 and a 200-day moving average of $78.91. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80. The company has a market cap of $26.39 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 11.90 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned $1.39 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the sale, the insider owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. The trade was a 5.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $79.77, for a total transaction of $839,818.56. Following the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. The trade was a 84.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 245,617 shares of company stock worth $20,154,365. Corporate insiders own 10.78% of the company’s stock.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.