Vestcor Inc Sells 5,447 Shares of Zoom Communications, Inc. $ZM

Vestcor Inc decreased its position in Zoom Communications, Inc. (NASDAQ:ZM) by 18.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,086 shares of the company’s stock after selling 5,447 shares during the period. Vestcor Inc’s holdings in Zoom Communications were worth $2,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of Zoom Communications by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after purchasing an additional 123 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. MAI Capital Management grew its holdings in shares of Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares during the last quarter. Prudential PLC grew its holdings in shares of Zoom Communications by 5.7% in the fourth quarter. Prudential PLC now owns 3,040 shares of the company’s stock worth $262,000 after purchasing an additional 164 shares during the last quarter. Finally, Harrington Investments INC grew its holdings in shares of Zoom Communications by 1.1% in the fourth quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock worth $1,396,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $101.62 on Monday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The firm has a market capitalization of $29.80 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 5.64 and a beta of 1.01. The firm has a fifty day simple moving average of $94.38 and a two-hundred day simple moving average of $88.20.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, sell-side analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZM. Sanford C. Bernstein cut their target price on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Mizuho raised their price target on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Argus raised shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Royal Bank Of Canada boosted their price objective on shares of Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, Rosenblatt Securities upped their price objective on shares of Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. This represents a 86.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 159,228 shares of company stock valued at $14,102,835. Company insiders own 11.51% of the company’s stock.

Zoom Communications Company Profile

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.