Zoom Communications, Inc. $ZM Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,719 shares of the company’s stock after selling 8,239 shares during the period. Sterling Capital Management LLC’s holdings in Zoom Communications were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ZM. Advocate Investing Services LLC acquired a new stake in Zoom Communications in the 4th quarter valued at approximately $26,000. Strive Financial Group LLC bought a new stake in Zoom Communications during the 4th quarter valued at $27,000. Toth Financial Advisory Corp acquired a new position in Zoom Communications during the 4th quarter worth $28,000. Sound Income Strategies LLC boosted its position in Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Zoom Communications by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Wells Fargo & Company boosted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Finally, Piper Sandler upped their price target on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Stock Down 0.4%

Shares of ZM stock opened at $86.14 on Tuesday. The stock has a 50-day simple moving average of $96.79 and a 200 day simple moving average of $88.85. The stock has a market capitalization of $25.26 billion, a P/E ratio of 12.65, a P/E/G ratio of 4.77 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results 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 firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $1.43 earnings per share. Zoom Communications’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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 anticipate that Zoom Communications, Inc. will post 4.09 earnings per share for the current year.

Insider Buying and Selling at Zoom Communications

In related news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total transaction of $1,350,481.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of Zoom Communications stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $173,312.36. This trade 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. Insiders sold 156,638 shares of company stock valued at $13,900,194 in the last ninety days. Company insiders own 8.83% of the company’s stock.

Zoom Communications 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.