Peak Retirement Planning Inc. Increases Stake in Zoom Communications, Inc. $ZM

Peak Retirement Planning Inc. grew its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 44.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,297 shares of the company’s stock after buying an additional 8,129 shares during the period. Peak Retirement Planning Inc.’s holdings in Zoom Communications were worth $2,170,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC raised its position in Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after buying an additional 1,153 shares during the last quarter. Intech Investment Management LLC grew its position in Zoom Communications by 59.1% during the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after buying an additional 397 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Zoom Communications in the second quarter worth about $217,000. Finally, Truist Financial Corp grew its holdings in Zoom Communications by 20.0% during the second quarter. Truist Financial Corp now owns 7,150 shares of the company’s stock worth $558,000 after acquiring an additional 1,192 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Aparna Bawa sold 12,137 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $81.37, for a total transaction of $987,587.69. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $160,949.86. This trade represents a 85.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Velchamy Sankarlingam sold 7,568 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $86.55, for a total transaction of $655,010.40. Following the sale, the insider owned 136,182 shares of the company’s stock, valued at $11,786,552.10. This represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 241,892 shares of company stock valued at $20,472,809 in the last quarter. Insiders own 10.78% of the company’s stock.

Zoom Communications Stock Up 0.8%

Zoom Communications stock opened at $92.86 on Tuesday. The firm has a market capitalization of $27.50 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 8.27 and a beta of 0.90. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The company has a fifty day simple moving average of $86.95 and a 200-day simple moving average of $82.48.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm posted $1.38 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ZM. Citigroup upgraded Zoom Communications from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $106.00 in a research report on Monday, January 12th. Rosenblatt Securities restated a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Morgan Stanley upped their price objective on shares of Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. BTIG Research assumed coverage on Zoom Communications in a research report on Tuesday, December 16th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Piper Sandler increased their price target on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.82.

About Zoom Communications

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.