Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 73,378 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 73,378 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $87.29, for a total value of $6,405,165.62. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Zoom Communications Trading Up 1.0%

ZM traded up $0.84 during trading on Wednesday, hitting $88.75. 2,337,819 shares of the company’s stock were exchanged, compared to its average volume of 2,844,787. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $91.43. The stock has a 50 day moving average price of $83.73 and a 200 day moving average price of $80.23. The firm has a market cap of $26.28 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 7.84 and a beta of 0.81.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. Analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ZM. KeyCorp decreased their price target on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a report on Friday, August 22nd. UBS Group began coverage on shares of Zoom Communications in a research note on Monday, October 20th. They issued a “neutral” rating and a $85.00 target price for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Zacks Research cut shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Thursday, September 18th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $93.00.

Hedge Funds Weigh In On Zoom Communications

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Zoom Communications by 4.0% in the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after buying an additional 986,164 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Zoom Communications by 23.4% in 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 last quarter. State Street Corp increased its holdings in shares of Zoom Communications by 0.4% in the 3rd quarter. State Street Corp now owns 7,219,148 shares of the company’s stock valued at $595,580,000 after acquiring an additional 29,647 shares during the last quarter. Norges Bank acquired a new stake in shares of Zoom Communications during the 2nd quarter valued at approximately $539,998,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Zoom Communications by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock worth $473,732,000 after purchasing an additional 36,210 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

About Zoom Communications

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.