7,979 Shares in Zoom Communications, Inc. $ZM Bought by Talon Private Wealth LLC

Talon Private Wealth LLC purchased a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,979 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rubric Capital Management LP bought a new stake in Zoom Communications in the 1st quarter worth $80,471,000. Empowered Funds LLC raised its stake in shares of Zoom Communications by 114.0% during the first quarter. Empowered Funds LLC now owns 305,821 shares of the company’s stock valued at $24,585,000 after acquiring an additional 162,902 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Zoom Communications by 4.0% during the first quarter. The Manufacturers Life Insurance Company now owns 15,347 shares of the company’s stock valued at $1,234,000 after acquiring an additional 588 shares during the last quarter. SummitTX Capital L.P. boosted its holdings in shares of Zoom Communications by 273.3% during the first quarter. SummitTX Capital L.P. now owns 25,145 shares of the company’s stock worth $2,021,000 after purchasing an additional 18,410 shares during the period. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of Zoom Communications during the first quarter worth about $370,000. 66.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the sale, the director directly owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $106.60, for a total value of $1,289,860.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 48,517 shares of company stock worth $5,061,783. 8.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZM. Citigroup boosted their price target on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Thursday, July 23rd. Cantor Fitzgerald lifted their price objective on Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” 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 note on Friday, May 22nd. Finally, BTIG Research upped their target price on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications Trading Up 1.0%

Shares of Zoom Communications stock opened at $92.41 on Thursday. 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 $27.10 billion, a P/E ratio of 13.57, a P/E/G ratio of 4.90 and a beta of 1.01. The business has a fifty day simple moving average of $92.89 and a two-hundred day simple moving average of $89.12.

Zoom Communications (NASDAQ:ZM) last released 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 net margin of 41.99% and a return on equity of 11.87%. 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 business earned $1.43 earnings per share. The business’s revenue 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. Analysts predict that Zoom Communications, Inc. will post 4.21 earnings per share for the current year.

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.