Lombard Odier Asset Management Switzerland SA Buys Shares of 6,994 Zoom Communications, Inc. $ZM

Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,994 shares of the company’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications in the fourth quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new position in shares of Zoom Communications during the fourth quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new stake in Zoom Communications during the fourth quarter worth approximately $28,000. Rexford Capital Inc. grew its stake in Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after acquiring an additional 122 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Zoom Communications by 94.8% in 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. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the sale, the chief financial officer directly owned 35,452 shares in the company, valued at $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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. Also, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total value of $1,289,860.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 48,517 shares of company stock worth $5,061,783. 8.83% of the stock is owned by insiders.

Zoom Communications Stock Up 0.3%

NASDAQ:ZM opened at $91.48 on Wednesday. The company has a market cap of $26.82 billion, a P/E ratio of 13.43, a P/E/G ratio of 4.89 and a beta of 1.01. The firm’s 50 day moving average is $93.03 and its two-hundred day moving average is $89.08. 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 announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Research analysts forecast that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ZM. Piper Sandler boosted their price target on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Zoom Communications in a research note on Thursday, July 23rd. Cantor Fitzgerald increased their target price on Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Thursday, July 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.33.

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.