BI Asset Management Fondsmaeglerselskab A S Sells 9,928 Shares of Zoom Communications, Inc. $ZM

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 52.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 8,893 shares of the company’s stock after selling 9,928 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Zoom Communications were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its holdings in shares of Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares in the last quarter. New York State Teachers Retirement System increased its position in Zoom Communications by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares during the period. Root Financial Partners LLC raised its stake in Zoom Communications by 33.5% in the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. MAI Capital Management raised its stake in Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares in the last quarter. Finally, Prudential PLC raised its stake in Zoom Communications by 5.7% in the 4th quarter. Prudential PLC now owns 3,040 shares of the company’s stock worth $262,000 after purchasing an additional 164 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZM shares. Morgan Stanley increased their target price on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their price target on Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Needham & Company LLC increased their price target on Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Robert W. Baird lifted their price objective on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Activity at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 69,923 shares of Zoom Communications stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $81.22, for a total value of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares in the company, valued at $2,988,571.12. The trade was a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 156,638 shares of company stock worth $13,900,194 in the last three months. Insiders own 8.83% of the company’s stock.

Zoom Communications Trading Down 3.0%

NASDAQ ZM opened at $82.88 on Friday. The firm’s 50 day simple moving average is $96.85 and its 200 day simple moving average is $88.88. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 4.72 and a beta of 1.01. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. 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, equities research analysts forecast that Zoom Communications, Inc. will post 4.08 earnings per share for the current year.

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.