Zoom Communications, Inc. $ZM Stake Trimmed by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 28.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,719 shares of the company’s stock after selling 8,239 shares during the quarter. Sterling Capital Management LLC’s holdings in Zoom Communications were worth $1,666,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications in the fourth quarter worth about $26,000. Strive Financial Group LLC acquired a new stake in shares of Zoom Communications during the fourth quarter valued at approximately $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Zoom Communications in the 4th quarter valued at approximately $28,000. Sound Income Strategies LLC lifted its position in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Zoom Communications by 83.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZM has been the topic of several research analyst reports. Citigroup lifted their price objective 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. Cantor Fitzgerald increased their target price on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Needham & Company LLC raised their target price on Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company lifted their price target on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, Piper Sandler upped their price target on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Buying and Selling at Zoom Communications

In other news, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $106.58, for a total value of $562,102.92. Following the transaction, the director directly owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. This represents a 21.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 156,638 shares of company stock worth $13,900,194 over the last 90 days. 8.83% of the stock is currently owned by insiders.

Zoom Communications Stock Performance

Shares of ZM opened at $86.14 on Tuesday. The company’s 50 day moving average price is $96.79 and its 200 day moving average price is $88.85. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The company has a market capitalization of $25.26 billion, a PE ratio of 12.65, a PEG ratio of 4.77 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The company’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, equities analysts forecast that Zoom Communications, Inc. will post 4.09 earnings per share for the current fiscal year.

Zoom Communications 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.