Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells $236,169.72 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $89.56, for a total value of $236,169.72. Following the completion of the transaction, the director owned 113,875 shares of the company’s stock, valued at $10,198,645. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed 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.

Santiago Subotovsky also recently made the following trade(s):

• On Wednesday, October 28th, Santiago Subotovsky sold 1,442 shares of Zoom Communications stock. The stock was sold at an average price of $100.14, for a total value of $144,401.88.
• On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $69,283.71.
• On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The shares were sold at an average price of $100.43, for a total transaction of $2,008.60.
• On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The stock was sold at an average price of $100.56, for a total transaction of $383,334.72.
• On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $93.74, for a total transaction of $247,192.38.
• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $254,813.31.

Zoom Communications Price Performance

ZM stock opened at $98.08 on Thursday. The firm has a market capitalization of $28.62 billion, a P/E ratio of 9.08, a P/E/G ratio of 4.14 and a beta of 1.02. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The company’s 50 day simple moving average is $94.32 and its 200-day simple moving average is $92.27.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $1.53 EPS. 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. Sell-side analysts predict that Zoom Communications, Inc. will post 4.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Zoom Communications

Institutional investors have recently modified their holdings of the stock. Atreides Management LP acquired a new position in shares of Zoom Communications in the first quarter worth $105,761,000. Rubric Capital Management LP purchased a new stake in shares of Zoom Communications during the first quarter worth $80,471,000. Aberdeen Group plc boosted its position in Zoom Communications by 192.0% during the third quarter. Aberdeen Group plc now owns 936,891 shares of the company’s stock valued at $85,042,000 after purchasing an additional 616,036 shares during the last quarter. Bank of America Corp DE boosted its position in Zoom Communications by 50.5% during the first quarter. Bank of America Corp DE now owns 1,767,728 shares of the company’s stock valued at $142,108,000 after purchasing an additional 592,899 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Zoom Communications by 15,035.9% during the third quarter. International Assets Investment Management LLC now owns 557,000 shares of the company’s stock valued at $50,559,000 after purchasing an additional 553,320 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ZM shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a report on Wednesday, October 21st. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. UBS Group decreased their price objective on Zoom Communications from $115.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, Yorkville Ives assumed coverage on Zoom Communications in a research note on Tuesday, October 6th. They set an “outperform” rating and a $120.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus target price of $114.48.

Zoom Communications Company Profile

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration. Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service. The company, formerly known as Zoom Video Communications, adopted the name Zoom Communications in 2024 as it expanded its offerings beyond video meetings.