Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells $1,134,254.00 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Monday, October 5th. The stock was 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 in the company, valued at approximately $2,155,832.52. The trade was a 34.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Up 3.2%

Zoom Communications stock opened at $97.74 on Friday. The company has a 50-day moving average price of $97.72 and a 200 day moving average price of $93.87. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The stock has a market cap of $28.52 billion, a P/E ratio of 9.05, a PEG ratio of 4.37 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 EPS. 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. As a group, analysts forecast that Zoom Communications, Inc. will post 4.27 EPS for the current year.

Hedge Funds Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently made changes to their positions in ZM. T. Rowe Price Investment Management Inc. raised its position in shares of Zoom Communications by 7.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,637,903 shares of the company’s stock worth $400,205,000 after acquiring an additional 341,104 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Zoom Communications by 4.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,767,681 shares of the company’s stock valued at $238,823,000 after purchasing an additional 121,835 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Zoom Communications by 10.8% during the first quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock worth $208,680,000 after purchasing an additional 253,181 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Zoom Communications by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company’s stock worth $189,051,000 after buying an additional 94,043 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Zoom Communications by 15.6% in the 4th quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock valued at $182,315,000 after buying an additional 285,626 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $104.00 price target on shares of Zoom Communications in a research report on Monday, August 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 target price on shares of Zoom Communications in a report on Wednesday, August 26th. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, August 26th. Bank of America began coverage on Zoom Communications in a research note on Wednesday, August 19th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, BTIG Research reaffirmed a “buy” rating and issued a $125.00 target price on shares of Zoom Communications in a research report on Monday, August 24th. Fourteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and an average price target of $113.62.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.