Odyssean LLC Makes New $2.02 Million Investment in Zoom Communications, Inc. $ZM

Odyssean LLC bought a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, Holdings Channel reports. The firm bought 23,385 shares of the company’s stock, valued at approximately $2,018,000.

Other hedge funds have also recently modified their holdings of the company. Kestra Advisory Services LLC raised its holdings in shares of Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares during the period. 3Chopt Investment Partners LLC lifted its stake in shares of Zoom Communications by 1.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after acquiring an additional 119 shares during the last quarter. Rexford Capital Inc. boosted its holdings in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares during the period. New York State Teachers Retirement System boosted its holdings in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares during the period. Finally, Root Financial Partners LLC grew its position in Zoom Communications by 33.5% in the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ZM shares. Benchmark increased their target price on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Wells Fargo & Company upped their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Citigroup raised their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group decreased their price objective on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.55.

Zoom Communications Stock Up 3.3%

ZM opened at $101.33 on Friday. The stock’s fifty day moving average is $95.88 and its two-hundred day moving average is $91.58. The company has a market capitalization of $29.71 billion, a P/E ratio of 9.38, a PEG ratio of 4.54 and a beta of 1.04. Zoom Communications, Inc. has a 52 week low of $70.70 and a 52 week high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business earned $1.53 EPS. The business’s revenue for the quarter 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 earnings per share for the current year.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total value of $801,621.63. Following the completion of the sale, the director directly owned 127,060 shares of the company’s stock, valued at $12,874,989.80. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. Also, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total transaction of $703,095.12. Following the transaction, the insider owned 148,403 shares in the company, valued at approximately $13,650,107.94. The trade was a 4.90% decrease in their ownership of the stock. 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 three months, insiders have sold 50,881 shares of company stock valued at $4,878,914. Insiders own 8.83% of the company’s stock.

Zoom Communications 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.