Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 171,426 Zoom Communications, Inc. $ZM

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 171,426 shares of the company’s stock, valued at approximately $13,781,000.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Zoom Communications in the 4th quarter valued at approximately $509,788,000. AQR Capital Management LLC lifted its holdings in Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after acquiring an additional 3,718,186 shares during the last quarter. Two Sigma Investments LP bought a new position in Zoom Communications in the third quarter worth about $86,709,000. Vanguard Group Inc. boosted its stake in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after acquiring an additional 1,029,623 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Zoom Communications by 46.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock valued at $218,282,000 after acquiring an additional 836,594 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $90.80, for a total value of $770,801.20. Following the completion of the sale, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The sale was disclosed in a 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, Director Santiago Subotovsky sold 2,637 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total value of $237,725.55. Following the completion of the sale, the director owned 138,554 shares of the company’s stock, valued at approximately $12,490,643.10. This trade represents a 1.87% 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. Insiders sold 48,517 shares of company stock worth $5,061,783 over the last ninety days. Company insiders own 8.83% of the company’s stock.

Zoom Communications Trading Down 1.9%

Zoom Communications stock opened at $91.13 on Friday. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 5.13 and a beta of 1.01. The company’s 50-day moving average price is $94.75 and its two-hundred day moving average price is $88.92.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period 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. Research analysts expect that Zoom Communications, Inc. will post 4.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Rosenblatt Securities increased their price target on Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price objective on shares of Zoom Communications in a research report on Tuesday, June 30th. Mizuho upped their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. BTIG Research increased their target price on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Citigroup raised their target price on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications 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.