5,593 Shares in Zoom Communications, Inc. $ZM Purchased by Courier Capital LLC

Courier Capital LLC purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,593 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds have also bought and sold shares of the business. Moran Wealth Management LLC increased its position in Zoom Communications by 5.9% during the second quarter. Moran Wealth Management LLC now owns 36,442 shares of the company’s stock worth $2,842,000 after acquiring an additional 2,017 shares during the period. NorthRock Partners LLC bought a new position in Zoom Communications during the second quarter worth about $239,000. Envestnet Portfolio Solutions Inc. bought a new position in Zoom Communications during the second quarter worth about $251,000. Sequoia Financial Advisors LLC bought a new position in Zoom Communications during the second quarter worth about $381,000. Finally, CWM LLC increased its position in Zoom Communications by 49.4% during the second quarter. CWM LLC now owns 121,406 shares of the company’s stock worth $9,467,000 after acquiring an additional 40,133 shares during the period. 66.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ZM shares. KeyCorp lowered their price target on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Mizuho raised their target price on shares of Zoom Communications from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Robert W. Baird decreased their target price on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $110.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and an average price target of $91.74.

Zoom Communications Trading Up 0.2%

Shares of Zoom Communications stock opened at $79.32 on Wednesday. The firm has a market capitalization of $24.00 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 10.80 and a beta of 0.78. The firm’s 50 day moving average is $80.08 and its 200 day moving average is $77.72. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director owned 152,644 shares of the company’s stock, valued at $12,330,582.32. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $628,120.00. Following the completion of the sale, the insider owned 132,795 shares of the company’s stock, valued at $10,889,190. The trade was a 5.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,636 shares of company stock worth $4,482,800 in the last three months. 10.78% of the stock is currently owned by company insiders.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.