Zoom Communications (NASDAQ:ZM) CEO Sells 12,100 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $93.74, for a total transaction of $1,134,254.00. Following the completion of the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at $2,155,832.52. This trade represents a 34.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Up 0.6%

ZM stock traded up $0.59 during trading on Wednesday, hitting $94.79. 2,342,017 shares of the company’s stock were exchanged, compared to its average volume of 3,962,793. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 4.32 and a beta of 1.03. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The business has a 50-day moving average price of $97.59 and a two-hundred day moving average price of $93.59.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. On average, equities research analysts anticipate that Zoom Communications, Inc. will post 4.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZM has been the subject of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a report on Friday, August 21st. Morgan Stanley increased their price objective on Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Finally, KeyCorp restated a “sector weight” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Fourteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.62.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. grew its holdings in Zoom Communications by 13.5% during the 2nd quarter. QRG Capital Management Inc. now owns 45,461 shares of the company’s stock valued at $3,924,000 after buying an additional 5,401 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Zoom Communications by 10.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,808 shares of the company’s stock worth $242,000 after acquiring an additional 277 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Zoom Communications by 39.4% in the second quarter. Sequoia Financial Advisors LLC now owns 14,246 shares of the company’s stock valued at $1,230,000 after acquiring an additional 4,026 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Zoom Communications by 251.2% in the second quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after acquiring an additional 88,303 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Zoom Communications during the second quarter valued at $43,925,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.