Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells $1,107,150.00 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $91.50, for a total transaction of $1,107,150.00. Following the completion of the transaction, the chief executive officer owned 45,997 shares in the company, valued at $4,208,725.50. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Price Performance

Zoom Communications stock opened at $89.88 on Friday. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74. The firm has a fifty day moving average price of $94.50 and a two-hundred day moving average price of $92.12. The firm has a market cap of $26.23 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 4.01 and a beta of 1.02.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, sell-side analysts expect that Zoom Communications, Inc. will post 4.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZM shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $104.00 price objective on shares of Zoom Communications in a research report on Wednesday, October 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Oppenheimer upgraded shares of Zoom Communications from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Wednesday, October 21st. BTIG Research reissued a “buy” rating and issued a $125.00 price target on shares of Zoom Communications in a report on Wednesday, October 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and an average target price of $114.48.

Institutional Trading of Zoom Communications

Hedge funds have recently modified their holdings of the company. Aberdeen Group plc raised its stake in shares of Zoom Communications by 192.0% in the third quarter. Aberdeen Group plc now owns 936,891 shares of the company’s stock valued at $85,042,000 after purchasing an additional 616,036 shares in the last quarter. Allworth Financial LP lifted its position in Zoom Communications by 2.4% in the third quarter. Allworth Financial LP now owns 15,675 shares of the company’s stock worth $1,353,000 after purchasing an additional 365 shares during the period. Russell Investments Group Ltd. lifted its position in Zoom Communications by 5.5% in the third quarter. Russell Investments Group Ltd. now owns 574,243 shares of the company’s stock worth $51,417,000 after purchasing an additional 29,709 shares during the period. R Squared Ltd boosted its stake in Zoom Communications by 76.8% during the third quarter. R Squared Ltd now owns 4,971 shares of the company’s stock worth $451,000 after buying an additional 2,159 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Zoom Communications by 17.4% during the third quarter. Fifth Third Bancorp now owns 18,694 shares of the company’s stock worth $1,697,000 after buying an additional 2,770 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

About Zoom Communications

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration.

Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service.