Zoom Communications, Inc. $ZM Shares Bought by Syon Capital LLC

Syon Capital LLC increased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 44.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,991 shares of the company’s stock after buying an additional 4,949 shares during the quarter. Syon Capital LLC’s holdings in Zoom Communications were worth $1,380,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ZM. Toth Financial Advisory Corp acquired a new position in Zoom Communications in the 4th quarter worth about $28,000. Sound Income Strategies LLC raised its holdings in Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Activest Wealth Management raised its holdings in Zoom Communications by 4,318.2% in the 4th quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the period. Root Financial Partners LLC raised its holdings in Zoom Communications by 33.5% in the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares during the period. Finally, MAI Capital Management raised its holdings in Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Needham & Company LLC upped their price target on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Robert W. Baird upped their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Citigroup upped their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada upped their price target on shares of Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Price Performance

ZM opened at $101.62 on Monday. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74. The company has a 50-day moving average price of $94.38 and a 200 day moving average price of $88.20. The company has a market cap of $29.80 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 5.64 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. 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. As a group, sell-side analysts expect that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director owned 137,608 shares in the company, valued at approximately $15,106,606.24. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 159,228 shares of company stock worth $14,102,835 in the last quarter. Insiders own 11.51% of the company’s stock.

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.