Cullen Frost Bankers Inc. Increases Holdings in Zoom Communications, Inc. $ZM

Cullen Frost Bankers Inc. increased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 2,217.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 672 shares of the company’s stock after purchasing an additional 643 shares during the period. Cullen Frost Bankers Inc.’s holdings in Zoom Communications were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ZM. Wayfinding Financial LLC purchased a new stake in Zoom Communications during the 1st quarter worth $25,000. SouthState Corp purchased a new stake in Zoom Communications during the 1st quarter worth $25,000. REAP Financial Group LLC boosted its position in Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after buying an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Zoom Communications in the 1st quarter valued at about $31,000. Finally, Brooklyn Investment Group boosted its position in Zoom Communications by 277.8% in the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock valued at $33,000 after buying an additional 325 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 28th. Mizuho upped their price objective on shares of Zoom Communications from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Robert W. Baird decreased their price objective on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Hold” and an average target price of $91.74.

Insider Activity

In related news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the sale, the director owned 152,644 shares in the company, valued at $12,330,582.32. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 73,378 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $82.85, for a total transaction of $6,079,367.30. The disclosure for this sale can be found here. Insiders have sold 245,617 shares of company stock valued at $20,154,365 over the last quarter. Corporate insiders own 10.78% of the company’s stock.

Zoom Communications Stock Performance

Shares of Zoom Communications stock opened at $84.28 on Monday. The firm has a market cap of $25.50 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 11.50 and a beta of 0.78. The firm’s 50-day simple moving average is $81.69 and its 200-day simple moving average is $78.38. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

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

Zoom Communications Company Profile

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.