Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells 12,100 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Price Performance

Shares of Zoom Communications stock traded down $0.99 during trading hours on Thursday, hitting $105.21. 3,608,302 shares of the company’s stock traded hands, compared to its average volume of 4,480,139. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74. The stock has a market capitalization of $30.85 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 6.40 and a beta of 1.01. The company has a fifty day simple moving average of $93.33 and a 200-day simple moving average of $87.92.

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, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $1.43 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. 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. On average, analysts forecast that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Zoom Communications

Several large investors have recently added to or reduced their stakes in ZM. Kestra Advisory Services LLC grew its stake in shares of Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after acquiring an additional 116 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in shares of Zoom Communications by 1.6% in the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after acquiring an additional 119 shares during the last quarter. Rexford Capital Inc. grew its stake in shares of Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after acquiring an additional 122 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Zoom Communications by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ZM shares. Morgan Stanley raised their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. HSBC lifted their price objective on Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird lifted their price objective on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Royal Bank Of Canada lifted their price objective on Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Finally, Mizuho lifted their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

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.