Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 1,442 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 1,442 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $100.14, for a total transaction of $144,401.88. Following the transaction, the director owned 116,512 shares in the company, valued at approximately $11,667,511.68. The trade was a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $69,283.71.
• On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The shares were sold at an average price of $100.43, for a total transaction of $2,008.60.
• On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The stock was sold at an average price of $100.56, for a total transaction of $383,334.72.
• On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $93.74, for a total transaction of $247,192.38.
• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total transaction of $254,813.31.
• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63.

Zoom Communications Stock Performance

ZM stock opened at $95.50 on Friday. The company has a market capitalization of $27.86 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 4.36 and a beta of 1.03. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The business has a 50-day simple moving average of $95.56 and a two-hundred day simple moving average of $91.90.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 earnings per share. 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, sell-side analysts forecast that Zoom Communications, Inc. will post 4.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZM. Tidal Investments LLC raised its stake in shares of Zoom Communications by 251.2% during the 2nd quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock worth $10,655,000 after purchasing an additional 88,303 shares during the period. Bull Harbor Capital LLC purchased a new position in shares of Zoom Communications in the 1st quarter worth about $939,000. First Heartland Consultants Inc. purchased a new position in shares of Zoom Communications in the 3rd quarter worth about $1,870,000. Edgestream Partners L.P. bought a new position in Zoom Communications during the first quarter valued at about $2,689,000. Finally, Ameritas Advisory Services LLC bought a new position in Zoom Communications during the second quarter valued at about $1,062,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ZM shares. Rosenblatt Securities restated a “buy” rating and set a $130.00 price objective on shares of Zoom Communications in a research note on Wednesday, October 21st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $104.00 target price on shares of Zoom Communications in a research note on Wednesday, October 21st. Oppenheimer upgraded shares of Zoom Communications from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Wednesday, October 21st. UBS Group dropped their price target on shares of Zoom Communications from $115.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Thursday, October 22nd. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Zoom Communications has a consensus rating of “Moderate Buy” and an average price target of $114.48.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company’s product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.