Zoom Communications, Inc. $ZM Shares Acquired by Sherry Group Inc.

Sherry Group Inc. grew its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 106.0% during the third quarter, HoldingsChannel.com reports. The firm owned 18,825 shares of the company’s stock after acquiring an additional 9,685 shares during the quarter. Zoom Communications makes up about 1.6% of Sherry Group Inc.’s holdings, making the stock its 19th biggest holding. Sherry Group Inc.’s holdings in Zoom Communications were worth $1,666,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Rexford Capital Inc. grew its position in Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after buying an additional 122 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Zoom Communications by 100.4% in the 1st quarter. V Square Quantitative Management LLC now owns 505 shares of the company’s stock valued at $41,000 after acquiring an additional 253 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in Zoom Communications by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in shares of Zoom Communications by 133.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock valued at $43,000 after acquiring an additional 273 shares during the period. 66.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZM has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 price target on shares of Zoom Communications in a research report on Monday, August 24th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Zoom Communications in a report on Friday, August 21st. Jefferies Financial Group cut their price target on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Morgan Stanley lifted their price objective 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Wednesday, August 26th. Fourteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.62.

Insiders Place Their Bets

In related news, Director Santiago Subotovsky sold 2,637 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $93.74, for a total transaction of $247,192.38. Following the sale, the director owned 121,786 shares of the company’s stock, valued at $11,416,219.64. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 2,590 shares of the business’s stock in a transaction on 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 owned 149,265 shares in the company, valued at $14,301,079.65. This represents a 1.71% decrease in their position. 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. Over the last quarter, insiders have sold 59,719 shares of company stock valued at $5,754,795. 8.83% of the stock is currently owned by insiders.

Zoom Communications Trading Up 3.2%

ZM stock opened at $97.74 on Friday. The firm has a 50-day moving average price of $97.72 and a 200-day moving average price of $93.87. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The stock has a market capitalization of $28.52 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 4.37 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. 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, equities analysts predict that Zoom Communications, Inc. will post 4.27 EPS for the current fiscal year.

About Zoom Communications

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.