Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells 12,100 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $93.74, for a total transaction of $1,134,254.00. Following the sale, the chief executive officer owned 22,998 shares in the company, valued at approximately $2,155,832.52. This represents a 34.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Up 0.6%

ZM traded up $0.59 on Wednesday, reaching $94.79. The stock had a trading volume of 2,342,017 shares, compared to its average volume of 3,962,793. The business’s 50-day moving average price is $97.59 and its two-hundred day moving average price is $93.59. The company has a market cap of $27.66 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 4.32 and a beta of 1.03. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue for the quarter 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. As a group, analysts predict that Zoom Communications, Inc. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ZM shares. Morgan Stanley lifted their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. Sanford C. Bernstein restated a “market perform” rating and set a $108.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group decreased their price target on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Fourteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.62.

Hedge Funds Weigh In On Zoom Communications

A number of institutional investors have recently added to or reduced their stakes in ZM. T. Rowe Price Investment Management Inc. grew its holdings in shares of Zoom Communications by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,637,903 shares of the company’s stock valued at $400,205,000 after purchasing an additional 341,104 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Zoom Communications by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,767,681 shares of the company’s stock valued at $238,823,000 after buying an additional 121,835 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Zoom Communications by 10.8% during the 1st quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock worth $208,680,000 after buying an additional 253,181 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Zoom Communications by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company’s stock valued at $189,051,000 after buying an additional 94,043 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Zoom Communications by 15.6% in the fourth quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock valued at $182,315,000 after acquiring an additional 285,626 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.