Zoom Communications, Inc. $ZM Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,123,782 shares of the company’s stock after selling 8,601 shares during the quarter. Panagora Asset Management Inc.’s holdings in Zoom Communications were worth $96,971,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Zoom Communications during the fourth quarter worth about $509,788,000. AQR Capital Management LLC lifted its position in Zoom Communications by 23.4% in the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after purchasing an additional 1,607,253 shares during the period. Two Sigma Investments LP acquired a new stake in Zoom Communications in the third quarter valued at about $86,709,000. Vanguard Group Inc. boosted its holdings in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Zoom Communications by 46.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after purchasing an additional 836,594 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Zoom Communications stock opened at $93.68 on Monday. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The firm’s 50-day simple moving average is $96.00 and its 200 day simple moving average is $88.77. The firm has a market capitalization of $27.47 billion, a PE ratio of 13.76, a P/E/G ratio of 5.20 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its 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 firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.43 EPS. 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 expect that Zoom Communications, Inc. will post 4.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ZM. Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Benchmark upped their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Citigroup increased their price objective on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Needham & Company LLC boosted their target price on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.33.

Insider Buying and Selling

In other news, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director owned 137,608 shares in the company, valued at $15,106,606.24. This represents a 3.69% 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. Insiders sold a total of 156,638 shares of company stock worth $13,900,194 in the last quarter. Corporate insiders own 8.83% of the company’s stock.

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.