VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 28,500 Shares of Zoom Communications, Inc. $ZM

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,074 shares of the company’s stock after acquiring an additional 28,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Zoom Communications worth $20,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZM. Soltis Investment Advisors LLC boosted its position in shares of Zoom Communications by 17.6% in the 3rd quarter. Soltis Investment Advisors LLC now owns 3,097 shares of the company’s stock worth $281,000 after purchasing an additional 464 shares in the last quarter. Choreo LLC grew its stake in Zoom Communications by 8.1% during the 3rd quarter. Choreo LLC now owns 7,374 shares of the company’s stock worth $669,000 after buying an additional 551 shares during the last quarter. VestGen Advisors LLC purchased a new position in Zoom Communications during the 3rd quarter worth $233,000. Oppenheimer & Co. Inc. grew its stake in Zoom Communications by 39.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,566 shares of the company’s stock worth $868,000 after buying an additional 2,703 shares during the last quarter. Finally, Signaturefd LLC increased its position in Zoom Communications by 16.1% during the 3rd quarter. Signaturefd LLC now owns 5,595 shares of the company’s stock valued at $508,000 after buying an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Communications

In other news, Director Santiago Subotovsky sold 1,442 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $100.14, for a total value of $144,401.88. Following the sale, the director owned 116,512 shares in the company, valued at $11,667,511.68. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 10,156 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $101.93, for a total transaction of $1,035,201.08. Following the completion of the sale, the chief financial officer owned 30,282 shares in the company, valued at $3,086,644.26. The trade was a 25.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 88,856 shares of company stock worth $8,725,094. Corporate insiders own 8.83% of the company’s stock.

Zoom Communications Stock Performance

Zoom Communications stock opened at $95.50 on Friday. The business’s 50-day simple moving average is $95.56 and its two-hundred day simple moving average is $91.90. The company has a market cap of $27.86 billion, a PE ratio of 8.84, a PEG ratio of 4.26 and a beta of 1.03. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $1.53 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, analysts predict that Zoom Communications, Inc. will post 4.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZM. KeyCorp reiterated a “sector weight” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. UBS Group dropped their price target on Zoom Communications from $115.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Oppenheimer upgraded shares of Zoom Communications from a “market perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Wednesday, October 21st. Finally, Morgan Stanley increased their price objective on shares of Zoom Communications from $105.00 to $107.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.48.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company’s product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.