Bull Harbor Capital LLC Buys New Position in Zoom Communications, Inc. $ZM

Bull Harbor Capital LLC purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,675 shares of the company’s stock, valued at approximately $939,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Zoom Communications in the 4th quarter worth about $509,788,000. AQR Capital Management LLC increased its position in shares of Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after acquiring an additional 3,718,186 shares during the last quarter. Atreides Management LP purchased a new stake in shares of Zoom Communications during the first quarter valued at approximately $105,761,000. Two Sigma Investments LP purchased a new position in Zoom Communications in the third quarter worth $86,709,000. Finally, Vanguard Group Inc. boosted its position in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Stock Performance

ZM stock opened at $92.32 on Friday. The company has a market capitalization of $27.07 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.95 and a beta of 1.01. The company’s 50 day moving average price is $92.80 and its two-hundred day moving average price is $89.17. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74.

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, topping the consensus estimate of $1.42 by $0.13. The business 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 in the previous year, the firm posted $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 predict that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ZM shares. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a report on Thursday, July 2nd. Piper Sandler lifted their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Jefferies Financial Group upped their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Mizuho boosted their target price 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. Finally, Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. 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 a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,637 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total value of $237,725.55. Following the sale, the director directly owned 138,554 shares of the company’s stock, valued at $12,490,643.10. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 45,874 shares of company stock worth $4,789,950. Company insiders own 8.83% of the company’s stock.

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.