Santiago Subotovsky Sells 7,911 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the sale, the director owned 127,060 shares in the company, valued at $12,874,989.80. This represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $90.15, for a total value of $237,725.55.
• On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72.

Zoom Communications Trading Up 3.2%

Shares of NASDAQ:ZM opened at $104.50 on Friday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The company has a market capitalization of $30.64 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 5.43 and a beta of 1.00. The firm’s 50-day moving average is $92.59 and its 200 day moving average is $89.86.

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 return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company’s revenue for the quarter 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, equities analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Zoom Communications

A number of large investors have recently bought and sold shares of ZM. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications in the 4th quarter valued at $26,000. Strive Financial Group LLC purchased a new position in Zoom Communications in the fourth quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Rexford Capital Inc. raised its holdings in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after purchasing an additional 122 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of 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 buying an additional 200 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ZM. Cantor Fitzgerald upped their price target 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. Piper Sandler upped their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. BTIG Research raised their target price on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Benchmark boosted their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Citigroup raised their price objective on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.