Zoom Communications (NASDAQ:ZM) Insider Velchamy Sankarlingam Sells 2,590 Shares

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.24, for a total value of $202,641.60. Following the transaction, the insider owned 137,044 shares in the company, valued at $10,722,322.56. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Velchamy Sankarlingam also recently made the following trade(s):

• On Monday, January 12th, Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock. The stock was sold at an average price of $86.55, for a total value of $655,010.40.

Zoom Communications Stock Performance

ZM stock traded up $0.35 during mid-day trading on Thursday, hitting $76.40. 216,721 shares of the company were exchanged, compared to its average volume of 4,268,212. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58. The firm’s 50 day simple moving average is $85.82 and its 200 day simple moving average is $84.62. The firm has a market cap of $22.62 billion, a P/E ratio of 12.33, a P/E/G ratio of 4.37 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $1.41 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Institutional Trading of Zoom Communications

A number of hedge funds have recently made changes to their positions in ZM. NewEdge Advisors LLC increased its holdings in shares of Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after acquiring an additional 1,153 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Zoom Communications by 59.1% during the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after purchasing an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after purchasing an additional 397 shares during the period. Sivia Capital Partners LLC bought a new position in Zoom Communications during the second quarter worth $217,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Zoom Communications by 68.2% in the second quarter. Envestnet Asset Management Inc. now owns 49,370 shares of the company’s stock valued at $3,850,000 after purchasing an additional 20,017 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on ZM shares. Jefferies Financial Group lifted their price target on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Benchmark reduced their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Hold” and an average target price of $95.32.

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.