Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 5,274 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the sale, the director owned 137,608 shares of the company’s stock, valued at $15,106,606.24. This trade represents a 3.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Monday, May 4th, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The shares were sold at an average price of $106.58, for a total transaction of $562,102.92.
• On Friday, May 1st, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The shares were sold at an average price of $102.85, for a total transaction of $271,832.55.
• On Thursday, April 16th, Santiago Subotovsky sold 2,388 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total value of $208,520.16.
• On Thursday, April 16th, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total value of $230,786.76.

Zoom Communications Price Performance

NASDAQ ZM opened at $106.20 on Thursday. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $114.74. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 6.40 and a beta of 1.01. The company has a fifty day moving average price of $93.33 and a 200-day moving average price of $87.92.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results 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. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. 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, research analysts anticipate that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Key Headlines Impacting Zoom Communications

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Zoom recently gained attention after launching ZoomMate, which helped push the stock higher earlier in the week and reinforced investor interest in new AI-related product features. 2 Reasons Why Zoom Stock Popped 10%
• Neutral Sentiment: Zoom also presented at the William Blair Growth Stock Conference, which keeps management visible to investors but does not appear to have produced a major new catalyst on its own. Zoom Communications, Inc. (ZM) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: A recent article questioned the quality of Zoom’s earnings despite solid results, suggesting investors may be looking for stronger long-term growth confirmation before bidding the stock higher. There May Be Underlying Issues With The Quality Of Zoom Communications’ (NASDAQ:ZM) Earnings
• Neutral Sentiment: Director Santiago Subotovsky sold 5,274 shares in a pre-arranged Rule 10b5-1 transaction, a disclosure that can add to short-term caution even though it does not necessarily signal a change in fundamentals. SEC Form 4
• Negative Sentiment: Broader software-stock selling is weighing on Zoom, with the recent decline appearing tied more to sector profit-taking than to a company-specific operational problem. Zoom, monday.com, and SentinelOne Shares Are Falling, What You Need To Know

Institutional Trading of Zoom Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advocate Investing Services LLC bought a new position in shares of Zoom Communications in the fourth quarter worth approximately $26,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications during the fourth quarter worth $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the fourth quarter worth $28,000. Rexford Capital Inc. boosted its position in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after acquiring an additional 122 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Benchmark upped their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Mizuho upped their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Wolfe Research raised shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, February 5th. 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.

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.