Zoom Communications, Inc. $ZM Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 28.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,800 shares of the company’s stock after selling 25,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zoom Communications were worth $4,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wayfinding Financial LLC purchased a new position in shares of Zoom Communications during the 1st quarter worth $25,000. SouthState Corp purchased a new position in shares of Zoom Communications during the 1st quarter worth $25,000. REAP Financial Group LLC grew its holdings 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 worth $28,000 after purchasing an additional 229 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Zoom Communications during the 1st quarter worth $31,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Zoom Communications during the 2nd quarter worth $31,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the completion of the transaction, the insider owned 132,795 shares in the company, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $80.78, for a total value of $199,930.50. Following the completion of the transaction, the director owned 152,644 shares of the company’s stock, valued at $12,330,582.32. The trade was a 1.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 245,617 shares of company stock worth $20,154,365. Corporate insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the subject of a number of research analyst reports. 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. Dbs Bank raised shares of Zoom Communications to a “moderate buy” rating in a research report on Tuesday, September 16th. Stifel Nicolaus increased their price objective on shares of Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Zoom Communications in a research report on Tuesday, October 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $110.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Two research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $91.74.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $84.34 on Friday. The business has a 50-day moving average of $82.62 and a 200 day moving average of $78.70. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $92.80. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 11.37 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last announced 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). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities research analysts anticipate 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.