Zoom Communications, Inc. $ZM Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 25.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 228,740 shares of the company’s stock after selling 78,368 shares during the period. Royal Bank of Canada’s holdings in Zoom Communications were worth $18,389,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Advocate Investing Services LLC purchased a new position in Zoom Communications during the fourth quarter worth about $26,000. Strive Financial Group LLC purchased a new stake in shares of Zoom Communications in the 4th quarter valued at approximately $27,000. Rexford Capital Inc. lifted its holdings in shares of 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 last quarter. Sound Income Strategies LLC lifted its holdings in shares of 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 last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.7%

Shares of ZM opened at $101.30 on Friday. The company has a market cap of $29.70 billion, a P/E ratio of 14.88, a PEG ratio of 5.40 and a beta of 1.00. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The firm’s 50 day moving average price is $92.53 and its 200 day moving average price is $89.76.

Zoom Communications (NASDAQ:ZM) last issued its quarterly 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 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $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 year.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 7,911 shares of Zoom Communications stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total value of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares in the company, valued at approximately $12,874,989.80. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the business’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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 36,411 shares of company stock worth $3,739,609. Company insiders own 8.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZM. Citigroup lifted their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Thursday, July 23rd. Piper Sandler raised their price target on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Jefferies Financial Group boosted their price objective on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

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.