Machina Capital S.A.S. Sells 8,963 Shares of Zoom Communications, Inc. $ZM

Machina Capital S.A.S. decreased its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 37.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,687 shares of the company’s stock after selling 8,963 shares during the quarter. Machina Capital S.A.S.’s holdings in Zoom Communications were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ZM. Thurston Springer Miller Herd & Titak Inc. increased its position in Zoom Communications by 133.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in Zoom Communications during the third quarter worth about $43,000. Elevation Wealth Partners LLC boosted its holdings in Zoom Communications by 133.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock valued at $43,000 after purchasing an additional 273 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in Zoom Communications by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Zoom Communications by 27.2% in the 3rd quarter. Fortitude Family Office LLC now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Down 0.4%

Shares of NASDAQ ZM opened at $97.70 on Friday. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 4.47 and a beta of 1.02. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The business’s 50 day moving average is $94.35 and its two-hundred day moving average is $92.28.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 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 analyst estimates of $1.27 billion. During the same period last year, the business posted $1.53 earnings per share. The company’s quarterly 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. Analysts anticipate that Zoom Communications, Inc. will post 4.16 EPS for the current fiscal year.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $99.26, for a total transaction of $758,842.70. Following the completion of the transaction, the insider directly owned 151,813 shares in the company, valued at $15,068,958.38. This trade represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Eric Yuan sold 12,100 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $93.74, for a total value of $1,134,254.00. Following the transaction, the chief executive officer owned 22,998 shares of the company’s stock, valued at $2,155,832.52. This trade represents a 34.47% decrease in their ownership of the stock. 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 83,582 shares of company stock worth $8,054,735 in the last quarter. Insiders own 8.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZM. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 price target on shares of Zoom Communications in a research report on Wednesday, October 21st. Oppenheimer upgraded Zoom Communications from a “market perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Wednesday, October 21st. Yorkville Ives began coverage on Zoom Communications in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Wednesday, October 21st. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and an average price target of $114.48.

Zoom Communications Company Profile

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration. Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service. The company, formerly known as Zoom Video Communications, adopted the name Zoom Communications in 2024 as it expanded its offerings beyond video meetings.