Zoom Communications (NASDAQ:ZM) COO Sells $1,129,071.32 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) COO Aparna Bawa sold 12,886 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. The trade was a 86.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Price Performance

Shares of NASDAQ:ZM traded up $0.40 during trading on Tuesday, hitting $90.96. The company had a trading volume of 4,836,722 shares, compared to its average volume of 4,158,935. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 5.04 and a beta of 0.88. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $97.58. The company has a fifty day simple moving average of $81.97 and a two-hundred day simple moving average of $84.10.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. Zoom Communications’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities research analysts anticipate that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Wall Street Analyst Weigh In

ZM has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Citigroup upgraded Zoom Communications from a “neutral” rating to a “buy” rating and increased their price target for the stock from $94.00 to $106.00 in a report on Monday, January 12th. Piper Sandler increased their price target on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a report on Friday, March 13th. Finally, Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.32.

Institutional Investors Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock worth $19,697,000 after purchasing an additional 22,704 shares during the period. Strive Asset Management LLC purchased a new position in Zoom Communications during the 3rd quarter worth $1,238,000. LSV Asset Management increased its holdings in Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after purchasing an additional 50,579 shares during the period. Krilogy Financial LLC purchased a new position in Zoom Communications during the 3rd quarter worth $1,963,000. Finally, Boston Common Asset Management LLC purchased a new position in Zoom Communications during the 4th quarter worth $2,163,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Company 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.