Brighton Jones LLC Makes New $817,000 Investment in Zoom Communications, Inc. $ZM

Brighton Jones LLC purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,481 shares of the company’s stock, valued at approximately $817,000.

Several other hedge funds have also recently 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 valued at $271,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Zoom Communications by 6.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock valued at $172,000 after buying an additional 143 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Zoom Communications by 0.7% during the 1st quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock valued at $1,792,000 after buying an additional 171 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised 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 valued at $43,000 after buying an additional 171 shares in the last quarter. Finally, Burns Matteson Capital Management LLC raised its position in shares of Zoom Communications by 3.1% during the 1st quarter. Burns Matteson Capital Management LLC now owns 5,801 shares of the company’s stock valued at $428,000 after buying an additional 177 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Trading Down 0.3%

Shares of NASDAQ:ZM opened at $84.89 on Wednesday. The company has a market capitalization of $25.68 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 11.62 and a beta of 0.78. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $92.80. The firm’s 50-day moving average is $82.18 and its 200 day moving average is $78.58.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, equities analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZM. Zacks Research upgraded shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Benchmark upped their target price on shares of Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Mizuho upped their target price 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. Piper Sandler reiterated a “neutral” rating and set a $85.00 price target on shares of Zoom Communications in a report on Friday, August 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $91.74.

Insiders Place Their Bets

In other Zoom Communications news, CFO Michelle Chang sold 33,956 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $2,784,392.00. Following the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at $1,684,198. This represents a 62.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $80.78, for a total transaction of $199,930.50. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 245,617 shares of company stock worth $20,154,365. 10.78% of the stock is owned by company insiders.

Zoom Communications 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.