508,925 Shares in Zoom Communications, Inc. $ZM Purchased by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd bought a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the second quarter, Holdings Channel reports. The fund bought 508,925 shares of the company’s stock, valued at approximately $43,925,000. Zoom Communications makes up approximately 1.5% of BlueCrest Capital Management Ltd’s portfolio, making the stock its 8th biggest position.

Other large investors have also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new stake in shares of Zoom Communications in the 2nd quarter worth approximately $6,667,000. Engineers Gate Manager LP increased its stake in shares of Zoom Communications by 153.0% during the second quarter. Engineers Gate Manager LP now owns 57,286 shares of the company’s stock valued at $4,944,000 after acquiring an additional 34,646 shares during the period. NewEdge Advisors LLC increased its stake in shares of Zoom Communications by 86.3% during the second quarter. NewEdge Advisors LLC now owns 21,637 shares of the company’s stock valued at $1,867,000 after acquiring an additional 10,025 shares during the period. IFP Advisors Inc raised its holdings in Zoom Communications by 23.2% during the second quarter. IFP Advisors Inc now owns 2,069 shares of the company’s stock worth $179,000 after purchasing an additional 389 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Zoom Communications by 4.2% during the second quarter. Allworth Financial LP now owns 15,310 shares of the company’s stock worth $1,321,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,644 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total value of $703,095.12. Following the completion of the transaction, the insider directly owned 148,403 shares in the company, valued at $13,650,107.94. This trade represents a 4.90% 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, Director Santiago Subotovsky sold 7,911 shares of Zoom Communications stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares in the company, valued at approximately $12,874,989.80. This trade represents a 5.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 50,881 shares of company stock worth $4,878,914. Company insiders own 8.83% of the company’s stock.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $96.18 on Thursday. The company has a market capitalization of $28.06 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 4.46 and a beta of 1.04. The stock has a fifty day moving average of $96.51 and a 200-day moving average of $91.73. Zoom Communications, Inc. has a one year low of $70.70 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm 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, research analysts forecast that Zoom Communications, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ZM shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 price target on shares of Zoom Communications in a research note on Monday, August 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $108.00 price objective on shares of Zoom Communications in a research note on Wednesday, August 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Friday, August 21st. Piper Sandler lifted their target price on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Zoom Communications currently has an average rating of “Moderate Buy” and a consensus target price of $112.55.

About Zoom Communications

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.