Zoom Communications (NASDAQ:ZM) Insider Sells $703,095.12 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total value of $703,095.12. Following the completion of the transaction, the insider directly owned 148,403 shares of the company’s stock, valued at $13,650,107.94. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Down 3.5%

Zoom Communications stock traded down $3.88 during mid-day trading on Friday, hitting $105.96. 2,782,090 shares of the company’s stock traded hands, compared to its average volume of 4,170,142. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The firm has a 50 day moving average price of $92.46 and a 200 day moving average price of $90.60. The company has a market cap of $31.07 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 5.64 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion during 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. 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, analysts expect that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on ZM. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Tuesday, June 30th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Thursday, July 2nd. Wells Fargo & Company raised their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Zoom Communications in a research note on Thursday, July 23rd. Finally, Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a report on Wednesday, May 20th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.33.

Institutional Investors Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Zoom Communications in the 4th quarter valued at about $509,788,000. AQR Capital Management LLC boosted its holdings in Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after buying an additional 3,718,186 shares in the last quarter. Atreides Management LP acquired a new position in Zoom Communications in the first quarter worth approximately $105,761,000. Two Sigma Investments LP acquired a new position in Zoom Communications in the third quarter worth approximately $86,709,000. Finally, Vanguard Group Inc. lifted its position in shares of Zoom Communications by 4.0% during the 4th 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 last quarter. 66.54% of the stock is currently owned by institutional investors.

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.