Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells $1,153,614.00 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $95.34, for a total transaction of $1,153,614.00. Following the completion of the sale, the chief executive officer owned 22,998 shares in the company, valued at $2,192,629.32. The trade was a 34.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Up 3.3%

ZM opened at $101.33 on Friday. The business’s 50 day moving average is $95.88 and its 200-day moving average is $91.58. The stock has a market cap of $29.71 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 4.69 and a beta of 1.04. Zoom Communications, Inc. has a twelve month low of $70.70 and a twelve month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, analysts forecast that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Institutional Trading of Zoom Communications

A number of hedge funds and other institutional investors have recently modified their holdings of ZM. California State Teachers Retirement System raised its position in Zoom Communications by 8,620.6% in the second quarter. California State Teachers Retirement System now owns 31,999,864 shares of the company’s stock worth $2,761,908,000 after acquiring an additional 31,632,917 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Zoom Communications by 43.9% during the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after purchasing an additional 3,718,186 shares in the last quarter. State Street Corp boosted its position in shares of Zoom Communications by 5.0% during the 4th quarter. State Street Corp now owns 7,582,924 shares of the company’s stock valued at $654,331,000 after purchasing an additional 363,776 shares in the last quarter. Norges Bank acquired a new position in shares of Zoom Communications in the 4th quarter worth approximately $509,788,000. Finally, Geode Capital Management LLC grew its stake in shares of Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after purchasing an additional 152,862 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America began coverage on Zoom Communications in a report on Wednesday, August 19th. They set a “buy” rating and a $130.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of Zoom Communications in a report on Monday, August 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. BTIG Research reissued a “buy” rating and set a $125.00 target price on shares of Zoom Communications in a research note on Monday, August 24th. Finally, KeyCorp restated a “sector weight” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and a consensus target price of $112.55.

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.