27,108 Shares in Zoom Communications, Inc. $ZM Acquired by Peak Asset Management LLC

Peak Asset Management LLC purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 27,108 shares of the company’s stock, valued at approximately $2,339,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mission Wealth Management LP increased its holdings in Zoom Communications by 21.9% in the 4th quarter. Mission Wealth Management LP now owns 7,743 shares of the company’s stock worth $668,000 after buying an additional 1,392 shares during the period. North Dakota State Investment Board acquired a new position in Zoom Communications in the 4th quarter worth approximately $1,653,000. Soltis Investment Advisors LLC acquired a new position in Zoom Communications in the 4th quarter worth approximately $252,000. Beese Fulmer Investment Management Inc. acquired a new position in Zoom Communications in the 4th quarter worth approximately $410,000. Finally, Qsemble Capital Management LP boosted its position in Zoom Communications by 201.9% in the 4th quarter. Qsemble Capital Management LP now owns 34,201 shares of the company’s stock worth $2,951,000 after purchasing an additional 22,874 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In other news, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $106.58, for a total transaction of $562,102.92. Following the transaction, the director owned 142,882 shares in the company, valued at $15,228,363.56. This trade represents a 3.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $81.22, for a total value of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares in the company, valued at $2,988,571.12. This trade represents a 65.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 144,329 shares of company stock worth $12,364,989. Insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ZM shares. Argus upgraded Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Citigroup upped their price objective on Zoom Communications from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday. BTIG Research lowered their price objective on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wolfe Research upgraded Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday, February 5th. Finally, KeyCorp upped their price objective on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. Fourteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued 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 $96.57.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $100.16 on Monday. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $111.56. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 5.73 and a beta of 1.00. The business’s 50 day moving average price is $86.46 and its 200-day moving average price is $86.22.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $1.41 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, sell-side analysts expect that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.