Caerus Investment Advisors LLC Reduces Position in Zoom Communications, Inc. $ZM

Caerus Investment Advisors LLC trimmed its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 68.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,194 shares of the company’s stock after selling 11,191 shares during the quarter. Caerus Investment Advisors LLC’s holdings in Zoom Communications were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Advocate Investing Services LLC bought a new position in Zoom Communications during the 4th quarter valued at about $26,000. Strive Financial Group LLC bought a new stake in shares of Zoom Communications in the fourth quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new position in shares of Zoom Communications during the fourth quarter valued at approximately $28,000. Rexford Capital Inc. raised its holdings in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 4.1%

ZM opened at $96.07 on Friday. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 5.15 and a beta of 1.01. The company’s 50 day moving average is $92.61 and its 200 day moving average is $89.22. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its earnings results 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. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. 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, analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Insider Activity

In related news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the transaction, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. This trade represents a 19.32% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 45,874 shares of company stock valued at $4,789,950 in the last 90 days. Company insiders own 8.83% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the topic of several research reports. Cantor Fitzgerald raised their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. HSBC boosted their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group increased their price target on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company raised their price target on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, Benchmark lifted their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

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.