Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells $247,192.38 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $93.74, for a total transaction of $247,192.38. Following the sale, the director directly owned 121,786 shares in the company, valued at $11,416,219.64. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total value of $254,813.31.
• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The shares were sold at an average price of $101.33, for a total value of $801,621.63.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $97.74 on Friday. The stock’s 50-day moving average is $97.72 and its 200 day moving average is $93.87. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The firm has a market cap of $28.52 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 4.37 and a beta of 1.03.

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 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. 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. On average, sell-side analysts expect that Zoom Communications, Inc. will post 4.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZM has been the topic of several research analyst reports. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $104.00 price target on shares of Zoom Communications in a research note on Monday, August 24th. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. KeyCorp reissued a “sector weight” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Bank of America started coverage on Zoom Communications in a research note on Wednesday, August 19th. They issued a “buy” rating and a $130.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.62.

Institutional Investors Weigh In On Zoom Communications

A number of hedge funds have recently made changes to their positions in ZM. Allianz Asset Management GmbH boosted its stake in Zoom Communications by 15.6% in the 4th quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock worth $182,315,000 after purchasing an additional 285,626 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Zoom Communications by 43.6% during the fourth quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock valued at $36,460,000 after buying an additional 128,174 shares during the last quarter. Tidal Investments LLC increased its position in shares of Zoom Communications by 251.2% during the second quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after acquiring an additional 88,303 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Zoom Communications by 1.2% in the 4th quarter. Altshuler Shaham Ltd now owns 2,043,218 shares of the company’s stock worth $176,309,000 after acquiring an additional 24,246 shares during the last quarter. Finally, Bull Harbor Capital LLC purchased a new position in Zoom Communications in the 1st quarter worth approximately $939,000. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.