Zoom Communications (NASDAQ:ZM) Director Sells $212,973.75 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $86.05, for a total transaction of $212,973.75. Following the completion of the sale, the director owned 147,694 shares in the company, valued at $12,709,068.70. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Santiago Subotovsky also recently made the following trade(s):

• On Tuesday, November 4th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $84.15, for a total transaction of $208,271.25.
• On Monday, October 6th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50.

Zoom Communications Trading Up 1.6%

ZM traded up $1.44 during midday trading on Monday, hitting $89.09. 2,960,599 shares of the company were exchanged, compared to its average volume of 2,851,600. The company’s 50 day simple moving average is $82.77 and its 200 day simple moving average is $79.81. The firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 7.94 and a beta of 0.81. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $91.04.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, equities analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

ZM has been the topic of several recent research reports. UBS Group initiated coverage on Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 price objective on the stock. Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. KeyCorp dropped their price target on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Finally, Citigroup upped their price objective on shares of Zoom Communications from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zoom Communications has an average rating of “Hold” and an average price target of $92.43.

Institutional Trading of Zoom Communications

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Zoom Communications by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after purchasing an additional 986,164 shares during the last quarter. AQR Capital Management LLC increased its stake in Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after buying an additional 1,607,253 shares in the last quarter. State Street Corp raised its holdings in shares of Zoom Communications by 0.4% during the third quarter. State Street Corp now owns 7,219,148 shares of the company’s stock valued at $595,580,000 after acquiring an additional 29,647 shares during the last quarter. Norges Bank acquired a new position in shares of Zoom Communications during the second quarter valued at approximately $539,998,000. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Zoom Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock valued at $473,732,000 after acquiring an additional 36,210 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.