Zoom Communications (NASDAQ:ZM) Director Sells $191,614.50 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total value of $191,614.50. Following the sale, the director owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $90.39, for a total value of $223,715.25.
• On Monday, January 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $86.01, for a total transaction of $212,874.75.

Zoom Communications Stock Performance

Shares of ZM traded up $0.17 during mid-day trading on Friday, reaching $77.50. The company had a trading volume of 4,474,969 shares, compared to its average volume of 4,422,828. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 4.45 and a beta of 0.93. The company’s 50 day simple moving average is $86.62 and its 200 day simple moving average is $84.49. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. Zoom Communications’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. As a group, equities analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ZM shares. Sanford C. Bernstein cut their price target on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $106.00 in a report on Monday, January 12th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Wolfe Research upgraded shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, February 5th. Fourteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.32.

Institutional Investors Weigh In On Zoom Communications

A number of institutional investors have recently modified their holdings of the company. Candriam S.C.A. lifted its position in shares of Zoom Communications by 49.4% during the 2nd quarter. Candriam S.C.A. now owns 16,560 shares of the company’s stock valued at $1,291,000 after acquiring an additional 5,477 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Zoom Communications by 10.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock valued at $19,697,000 after purchasing an additional 22,704 shares in the last quarter. Strive Asset Management LLC acquired a new position in shares of Zoom Communications during the third quarter valued at about $1,238,000. LSV Asset Management raised its holdings in shares of Zoom Communications by 5.0% during the third quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock valued at $88,229,000 after purchasing an additional 50,579 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Zoom Communications during the 2nd quarter worth about $1,248,000. 66.54% of the stock is owned by institutional investors.

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.