Headlands Technologies LLC Makes New $1.77 Million Investment in Zoom Communications, Inc. $ZM

Headlands Technologies LLC bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,520 shares of the company’s stock, valued at approximately $1,771,000.

A number of other large investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Zoom Communications in the fourth quarter worth $509,788,000. AQR Capital Management LLC grew its holdings in Zoom Communications by 43.9% during the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after acquiring an additional 3,718,186 shares in the last quarter. Atreides Management LP bought a new stake in shares of Zoom Communications in the 1st quarter worth about $105,761,000. Two Sigma Investments LP bought a new stake in shares of Zoom Communications in the 3rd quarter worth about $86,709,000. Finally, Rubric Capital Management LP bought a new position in shares of Zoom Communications during the first quarter worth about $80,471,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Price Performance

ZM opened at $96.68 on Tuesday. The stock’s 50 day moving average price is $94.90 and its 200 day moving average price is $91.42. The stock has a market cap of $28.35 billion, a P/E ratio of 8.95, a P/E/G ratio of 5.01 and a beta of 1.00. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 EPS 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $1.53 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. 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. Equities analysts anticipate that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Insider Activity at Zoom Communications

In other news, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $100.17, for a total value of $1,212,057.00. Following the completion of the sale, the chief executive officer owned 22,998 shares in the company, valued at $2,303,709.66. This represents a 34.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the sale, the chief financial officer owned 35,452 shares in the company, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold 38,781 shares of company stock worth $3,725,300 over the last ninety days. Insiders own 8.83% of the company’s stock.

Analysts Set New Price Targets

ZM has been the subject of several research analyst reports. Benchmark boosted their price objective on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. BTIG Research reiterated a “buy” rating and issued a $125.00 price target on shares of Zoom Communications in a report on Monday, August 24th. KeyCorp reissued a “sector weight” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Morgan Stanley lifted their price objective on shares of Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $112.55.

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.