OP Asset Management Ltd Acquires New Stake in Zoom Communications, Inc. $ZM

OP Asset Management Ltd acquired a new stake in Zoom Communications, Inc. (NASDAQ:ZM) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 25,376 shares of the company’s stock, valued at approximately $2,040,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Apella Capital LLC raised its stake in shares of Zoom Communications by 14.1% in the 1st quarter. Apella Capital LLC now owns 27,991 shares of the company’s stock valued at $2,464,000 after purchasing an additional 3,462 shares during the period. Brookstone Capital Management boosted its position in shares of Zoom Communications by 8.6% during the first quarter. Brookstone Capital Management now owns 8,713 shares of the company’s stock worth $700,000 after buying an additional 689 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Zoom Communications during the first quarter worth about $1,745,000. Rockefeller Capital Management L.P. grew its holdings in shares of Zoom Communications by 9,882.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 393,604 shares of the company’s stock worth $33,964,000 after buying an additional 389,661 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Zoom Communications by 32.4% during the fourth quarter. Corient Private Wealth LLC now owns 73,041 shares of the company’s stock worth $6,303,000 after buying an additional 17,875 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Activity

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,645 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the sale, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the completion of the sale, the director owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. This represents a 3.69% 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. Over the last three months, insiders sold 156,638 shares of company stock valued at $13,900,194. 8.83% of the stock is owned by insiders.

Zoom Communications Price Performance

ZM stock opened at $86.48 on Monday. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 4.77 and a beta of 1.01. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74. The business has a 50 day moving average price of $96.80 and a two-hundred day moving average price of $88.86.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. 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 anticipate that Zoom Communications, Inc. will post 4.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings upgraded Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Jefferies Financial Group increased their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company raised their target price on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.33.

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.