Insider Selling: Zoom Communications (NASDAQ:ZM) CFO Sells $770,801.20 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer owned 35,452 shares of the company’s stock, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zoom Communications Price Performance

Shares of ZM opened at $92.60 on Thursday. The firm’s 50 day moving average is $95.42 and its 200-day moving average is $88.87. 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 $27.15 billion, a P/E ratio of 13.60, a P/E/G ratio of 5.03 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. 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. As a group, equities research analysts forecast that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

Analyst Ratings Changes

ZM has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. BTIG Research upped their target price on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Mizuho lifted 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. Jefferies Financial Group boosted their price objective on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Citigroup upped their price objective on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Institutional Trading of Zoom Communications

Several hedge funds and other institutional investors have recently modified their holdings of the business. Advocate Investing Services LLC purchased a new stake in Zoom Communications in the 4th quarter worth about $26,000. Strive Financial Group LLC purchased a new position in Zoom Communications during the 4th quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new position in Zoom Communications during the 4th quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Zoom Communications by 133.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Rexford Capital Inc. lifted its position in shares of Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after purchasing an additional 122 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 (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.