Zoom Communications, Inc. $ZM Stock Position Increased by L2 Asset Management LLC

L2 Asset Management LLC raised its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 31.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,034 shares of the company’s stock after purchasing an additional 15,867 shares during the period. L2 Asset Management LLC’s holdings in Zoom Communications were worth $5,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZM. Elevation Point Wealth Partners LLC acquired a new position in shares of Zoom Communications during the second quarter worth approximately $27,000. Root Financial Partners LLC acquired a new stake in Zoom Communications in the 3rd quarter valued at approximately $33,000. Quent Capital LLC acquired a new stake in Zoom Communications in the 3rd quarter valued at approximately $34,000. Cloud Capital Management LLC bought a new stake in Zoom Communications during the 3rd quarter valued at $42,000. Finally, SJS Investment Consulting Inc. boosted its position in Zoom Communications by 2,957.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock worth $48,000 after acquiring an additional 562 shares during the period. Institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michelle Chang sold 8,417 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the sale, the chief financial officer directly owned 25,482 shares in the company, valued at $2,205,212.28. The trade was a 24.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Aparna Bawa sold 12,137 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $81.37, for a total transaction of $987,587.69. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at $160,949.86. The trade was a 85.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 109,706 shares of company stock worth $9,299,555. 10.78% of the stock is owned by insiders.

Analysts Set New Price Targets

ZM has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen downgraded shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Sanford C. Bernstein decreased their target price on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Morgan Stanley raised their target price on shares of Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $95.32.

Zoom Communications Stock Up 1.2%

Shares of Zoom Communications stock opened at $74.96 on Tuesday. The business has a fifty day simple moving average of $85.18 and a 200-day simple moving average of $84.52. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $97.58. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 4.24 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. Zoom Communications’s revenue was up 5.3% on a year-over-year basis. 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. Analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

About Zoom Communications

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.