Motley Fool Asset Management LLC Acquires 1,513 Shares of Zoom Communications, Inc. $ZM

Motley Fool Asset Management LLC grew its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 10.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,711 shares of the company’s stock after acquiring an additional 1,513 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Zoom Communications were worth $1,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of Zoom Communications during the 1st quarter valued at approximately $25,000. SouthState Corp bought a new position in shares of Zoom Communications during the 1st quarter valued at approximately $25,000. REAP Financial Group LLC boosted its position in shares of Zoom Communications by 181.7% during the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Zoom Communications during the 1st quarter valued at approximately $31,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Zoom Communications during the 2nd quarter valued at approximately $31,000. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Stock Down 0.3%

ZM stock opened at $84.89 on Wednesday. The business’s fifty day simple moving average is $82.18 and its two-hundred day simple moving average is $78.58. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The firm has a market cap 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 (NASDAQ:ZM) last released its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The business’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. Research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insiders Place Their Bets

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director owned 152,644 shares in the company, valued at $12,330,582.32. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Aparna Bawa sold 10,528 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at approximately $157,785.06. The trade was a 84.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 245,617 shares of company stock valued at $20,154,365. Insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Dbs Bank upgraded Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Morgan Stanley initiated coverage on Zoom Communications in a report on Tuesday, October 21st. They set an “equal weight” rating and a $85.00 price target on the stock. Finally, Robert W. Baird decreased their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. 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 issued a Sell rating to the company. According to MarketBeat, Zoom Communications has a consensus rating of “Hold” and a consensus target price of $91.74.

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.