Zoom Communications (NASDAQ:ZM) Director Herbert Raymond Mcmaster Sells 3,000 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Herbert Raymond Mcmaster sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $94.71, for a total value of $284,130.00. Following the completion of the sale, the director directly owned 8,479 shares in the company, valued at approximately $803,046.09. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Performance

Shares of Zoom Communications stock traded up $0.22 during midday trading on Tuesday, hitting $98.16. The company had a trading volume of 2,596,338 shares, compared to its average volume of 2,942,318. The stock has a market capitalization of $28.64 billion, a P/E ratio of 26.98, a P/E/G ratio of 4.52 and a beta of 1.03. The company has a 50 day moving average of $97.63 and a 200 day moving average of $94.28. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The firm’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 research analysts forecast that Zoom Communications, Inc. will post 4.27 EPS for the current year.

Institutional Trading of Zoom Communications

A number of institutional investors and hedge funds have recently modified their holdings of ZM. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Zoom Communications by 7.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,637,903 shares of the company’s stock valued at $400,205,000 after purchasing an additional 341,104 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Zoom Communications by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,767,681 shares of the company’s stock worth $238,823,000 after buying an additional 121,835 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Zoom Communications by 10.8% in the 1st quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock worth $208,680,000 after buying an additional 253,181 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Zoom Communications by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company’s stock worth $189,051,000 after buying an additional 94,043 shares during the last quarter. Finally, Altshuler Shaham Ltd raised its position 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 buying an additional 24,246 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ZM shares. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price objective on shares of Zoom Communications in a research note on Friday, August 21st. Bank of America assumed coverage on shares of Zoom Communications in a report on Wednesday, August 19th. They issued a “buy” rating and a $130.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, Morgan Stanley upped their target price on shares of Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Fourteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.62.

About Zoom Communications

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.