Optas LLC Trims Stake in Zoom Communications, Inc. $ZM

Optas LLC lowered its position in Zoom Communications, Inc. (NASDAQ:ZM) by 61.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,277 shares of the company’s stock after selling 6,736 shares during the quarter. Optas LLC’s holdings in Zoom Communications were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZM. Kestra Advisory Services LLC boosted its stake in Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after buying an additional 116 shares during the period. 3Chopt Investment Partners LLC increased its stake in Zoom Communications by 1.6% in the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after acquiring an additional 119 shares during the last quarter. Rexford Capital Inc. raised its holdings in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Zoom Communications by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Performance

ZM opened at $87.14 on Friday. The stock has a 50-day moving average price of $96.58 and a 200-day moving average price of $88.81. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74. The stock has a market capitalization of $25.55 billion, a P/E ratio of 12.80, a PEG ratio of 4.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.Zoom Communications’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. 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, equities research analysts predict that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Analyst Ratings Changes

ZM has been the subject of several recent analyst reports. HSBC boosted their price objective on Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Rosenblatt Securities lifted their target price on shares of Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Robert W. Baird boosted their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. BTIG Research boosted their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Mizuho increased their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the 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 news, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the completion of the sale, the chief executive officer directly owned 36,796 shares of the company’s stock, valued at $2,988,571.12. This trade represents a 65.52% 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. Over the last three months, insiders sold 156,638 shares of company stock valued at $13,900,194. 8.83% of the stock is currently owned by corporate insiders.

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.