Zoom Communications, Inc. $ZM Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 1.6% in the second quarter, Holdings Channel reports. The institutional investor owned 537,626 shares of the company’s stock after purchasing an additional 8,585 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Zoom Communications were worth $42,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wedmont Private Capital raised its position in shares of Zoom Communications by 4.1% during the 2nd quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock worth $271,000 after acquiring an additional 137 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Zoom Communications by 6.7% in the first quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock valued at $172,000 after purchasing an additional 143 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Zoom Communications by 0.7% during the first quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock worth $1,792,000 after purchasing an additional 171 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Zoom Communications by 44.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after buying an additional 171 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Zoom Communications by 19.8% during the 1st quarter. Blue Trust Inc. now owns 1,059 shares of the company’s stock worth $78,000 after buying an additional 175 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Trading Up 2.1%

Zoom Communications stock opened at $83.61 on Wednesday. The stock has a 50 day moving average of $81.06 and a two-hundred day moving average of $78.00. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 11.18 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Insider Activity at Zoom Communications

In other news, CEO Eric S. Yuan sold 33,692 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $79.76, for a total value of $2,687,273.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the completion of the sale, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,856 shares of company stock worth $8,009,892 in the last 90 days. Corporate insiders own 10.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZM. William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Citigroup raised their price objective on Zoom Communications from $84.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Thursday, September 18th. Piper Sandler reissued a “neutral” rating and issued a $85.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $110.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications currently has a consensus rating of “Hold” and an average target price of $91.74.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.