Insider Selling: Zoom Communications (NASDAQ:ZM) Insider Sells $248,147.90 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 2,590 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $95.81, for a total value of $248,147.90. Following the sale, the insider directly owned 149,265 shares in the company, valued at approximately $14,301,079.65. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.

Velchamy Sankarlingam also recently made the following trade(s):

• On Wednesday, July 15th, Velchamy Sankarlingam sold 7,644 shares of Zoom Communications stock. The shares were sold at an average price of $91.98, for a total value of $703,095.12.

Zoom Communications Stock Performance

Zoom Communications stock opened at $95.57 on Monday. The firm has a market cap of $27.89 billion, a PE ratio of 8.85, a P/E/G ratio of 4.42 and a beta of 1.04. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The stock’s 50 day simple moving average is $96.84 and its two-hundred day simple moving average is $91.84.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. 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. On average, equities research analysts forecast that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Zoom Communications from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Friday, August 21st. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 27th. Mizuho increased their price target on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, Jefferies Financial Group dropped their price objective on Zoom Communications from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.55.

Institutional Trading of Zoom Communications

A number of institutional investors and hedge funds have recently modified their holdings of ZM. Sequoia Financial Advisors LLC lifted its stake in Zoom Communications by 39.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,246 shares of the company’s stock valued at $1,230,000 after buying an additional 4,026 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Zoom Communications by 251.2% during the second quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after acquiring an additional 88,303 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Zoom Communications during the second quarter valued at approximately $43,925,000. WINTON GROUP Ltd purchased a new position in shares of Zoom Communications in the second quarter valued at approximately $6,667,000. Finally, Engineers Gate Manager LP boosted its stake in shares of Zoom Communications by 153.0% in the second quarter. Engineers Gate Manager LP now owns 57,286 shares of the company’s stock worth $4,944,000 after acquiring an additional 34,646 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Zoom Communications

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.