Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 12,100 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $95.34, for a total transaction of $1,153,614.00. Following the sale, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at $2,192,629.32. This represents a 34.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Up 2.4%

NASDAQ ZM opened at $98.14 on Friday. The stock has a market cap of $28.78 billion, a PE ratio of 9.09, a PEG ratio of 4.44 and a beta of 1.04. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The company’s 50-day moving average price is $95.58 and its 200-day moving average price is $91.51.

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. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.53 EPS. 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, sell-side analysts forecast that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Zoom Communications

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Zoom Communications by 8,620.6% during the 2nd quarter. California State Teachers Retirement System now owns 31,999,864 shares of the company’s stock valued at $2,761,908,000 after purchasing an additional 31,632,917 shares during the last quarter. AQR Capital Management LLC increased its position 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 valued at $1,052,328,000 after buying an additional 3,718,186 shares in the last quarter. State Street Corp increased its position in Zoom Communications by 5.0% during the 4th quarter. State Street Corp now owns 7,582,924 shares of the company’s stock valued at $654,331,000 after buying an additional 363,776 shares in the last quarter. Norges Bank purchased a new stake in Zoom Communications in the fourth quarter valued at about $509,788,000. Finally, Geode Capital Management LLC raised its stake in Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after buying an additional 152,862 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ZM. 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. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 target price on shares of Zoom Communications in a research report on Monday, August 24th. UBS Group upped their target price on Zoom Communications from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Finally, Wells Fargo & Company increased their price target on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.