Summit Global Investments Boosts Position in Zoom Communications, Inc. $ZM

Summit Global Investments raised its position in Zoom Communications, Inc. (NASDAQ:ZM) by 604.9% during the third quarter, Holdings Channel reports. The fund owned 123,558 shares of the company’s stock after acquiring an additional 106,029 shares during the period. Zoom Communications comprises approximately 0.6% of Summit Global Investments’ investment portfolio, making the stock its 27th biggest position. Summit Global Investments’ holdings in Zoom Communications were worth $10,194,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after purchasing an additional 1,153 shares during the last quarter. Intech Investment Management LLC increased its holdings in Zoom Communications by 59.1% during the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after buying an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after acquiring an additional 397 shares during the period. Sivia Capital Partners LLC bought a new position in Zoom Communications in the second quarter worth approximately $217,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Zoom Communications by 26.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the company’s stock worth $214,000 after acquiring an additional 569 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Trading Down 3.8%

NASDAQ ZM opened at $92.58 on Friday. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The stock has a market cap of $27.41 billion, a PE ratio of 18.01, a P/E/G ratio of 8.64 and a beta of 0.87. The stock’s 50 day moving average is $86.40 and its 200 day moving average is $82.13.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted $1.38 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZM. Morgan Stanley upped their price objective on Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Piper Sandler upped their price target on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Zacks Research raised Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Zoom Communications has an average rating of “Moderate Buy” and an average target price of $93.82.

Insider Buying and Selling

In related news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $86.01, for a total value of $212,874.75. Following the sale, the director directly owned 145,219 shares in the company, valued at approximately $12,490,286.19. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michelle Chang sold 8,417 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the transaction, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. The trade was a 24.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 317,745 shares of company stock worth $27,002,595 in the last 90 days. 11.51% of the stock is owned by company insiders.

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.