5,907,844 Shares in Zoom Communications, Inc. $ZM Purchased by Norges Bank

Norges Bank bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,907,844 shares of the company’s stock, valued at approximately $509,788,000.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications in the fourth quarter valued at $28,000. Sound Income Strategies LLC increased its stake in Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Activest Wealth Management increased its stake in Zoom Communications by 4,318.2% in the 4th quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. MAI Capital Management increased its stake in Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares in the last quarter. Finally, REAP Financial Group LLC increased its stake in Zoom Communications by 67.0% in the 3rd quarter. REAP Financial Group LLC now owns 593 shares of the company’s stock worth $49,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $106.60, for a total transaction of $1,289,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $81.32, for a total transaction of $690,325.48. Following the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at $2,477,576.44. This trade represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 three months, insiders sold 144,329 shares of company stock valued at $12,364,989. 10.78% of the stock is owned by corporate insiders.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $101.59 on Monday. The stock has a market capitalization of $29.79 billion, a P/E ratio of 14.92, a PEG ratio of 5.79 and a beta of 1.01. The stock has a 50 day moving average price of $91.36 and a two-hundred day moving average price of $87.38. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $113.73.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Sell-side analysts anticipate that Zoom Communications, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZM. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Piper Sandler lifted their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Zacks Research cut shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Benchmark boosted their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Morgan Stanley boosted their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.15.

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.