Zoom Communications, Inc. $ZM Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 44.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,655 shares of the company’s stock after selling 17,291 shares during the period. Convergence Investment Partners LLC’s holdings in Zoom Communications were worth $1,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Basepoint Wealth LLC boosted its stake in Zoom Communications by 35.2% in the first quarter. Basepoint Wealth LLC now owns 15,902 shares of the company’s stock valued at $1,278,000 after acquiring an additional 4,137 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Zoom Communications by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company’s stock valued at $189,051,000 after purchasing an additional 94,043 shares during the last quarter. KBC Group NV raised its position in shares of Zoom Communications by 69.1% during the 1st quarter. KBC Group NV now owns 1,193,027 shares of the company’s stock worth $95,907,000 after purchasing an additional 487,384 shares during the period. SEB Asset Management AB acquired a new stake in shares of Zoom Communications during the 1st quarter worth approximately $11,835,000. Finally, Swiss National Bank lifted its holdings in shares of Zoom Communications by 7.0% in the 1st quarter. Swiss National Bank now owns 744,200 shares of the company’s stock worth $59,826,000 after purchasing an additional 48,500 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In related news, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the completion of the sale, the chief financial officer owned 35,452 shares of the company’s stock, valued at $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total transaction of $1,350,481.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 48,517 shares of company stock worth $5,061,783 over the last ninety days. 8.83% of the stock is currently owned by corporate insiders.

Zoom Communications Price Performance

Shares of ZM stock opened at $89.77 on Wednesday. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 4.87 and a beta of 1.01. The business has a 50 day simple moving average of $94.16 and a 200 day simple moving average of $88.99.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. 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, equities analysts anticipate that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Robert W. Baird raised their target price on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. BTIG Research boosted their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $109.33.

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.