Zoom Communications (NASDAQ:ZM) CEO Sells 12,100 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $91.50, for a total transaction of $1,107,150.00. Following the completion of the transaction, the chief executive officer owned 45,997 shares of the company’s stock, valued at $4,208,725.50. This represents a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Down 3.3%

Zoom Communications stock traded down $3.05 during trading hours on Thursday, hitting $88.79. 2,741,776 shares of the company traded hands, compared to its average volume of 3,828,208. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74. The firm has a market cap of $25.91 billion, a P/E ratio of 8.22, a P/E/G ratio of 4.10 and a beta of 1.02. The firm’s 50-day simple moving average is $94.81 and its two-hundred day simple moving average is $92.04.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $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. On average, equities research analysts predict that Zoom Communications, Inc. will post 4.24 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ZM. Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Thursday, October 22nd. Jefferies Financial Group cut their target price on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. BTIG Research restated a “buy” rating and issued a $125.00 target price on shares of Zoom Communications in a report on Wednesday, October 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $104.00 price target on shares of Zoom Communications in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.48.

Hedge Funds Weigh In On Zoom Communications

Several institutional investors and hedge funds have recently modified their holdings of ZM. Pacer Advisors Inc. raised its holdings in Zoom Communications by 10.8% in the 1st quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock worth $208,680,000 after acquiring an additional 253,181 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Zoom Communications by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company’s stock valued at $189,051,000 after acquiring an additional 94,043 shares during the period. Bank of America Corp DE boosted its holdings in Zoom Communications by 50.5% during the first quarter. Bank of America Corp DE now owns 1,767,728 shares of the company’s stock valued at $142,108,000 after acquiring an additional 592,899 shares during the period. Bank of New York Mellon Corp boosted its holdings in Zoom Communications by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 1,411,745 shares of the company’s stock valued at $113,490,000 after acquiring an additional 434,981 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Zoom Communications by 2.8% in the first quarter. First Trust Advisors LP now owns 1,362,501 shares of the company’s stock valued at $109,531,000 after purchasing an additional 36,657 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.