Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 73,378 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 73,378 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $87.29, for a total transaction of $6,405,165.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Zoom Communications Stock Up 1.0%

Shares of NASDAQ:ZM traded up $0.84 during trading on Wednesday, hitting $88.75. 2,337,819 shares of the company traded hands, compared to its average volume of 2,844,787. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 7.84 and a beta of 0.81. The business’s fifty day moving average is $83.73 and its 200-day moving average is $80.23. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $91.43.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.38 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Institutional Trading of Zoom Communications

Institutional investors have recently made changes to their positions in the stock. Townsquare Capital LLC grew its position in Zoom Communications by 30.1% in the first quarter. Townsquare Capital LLC now owns 3,491 shares of the company’s stock worth $258,000 after buying an additional 808 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Zoom Communications by 0.6% during the 1st quarter. HighTower Advisors LLC now owns 59,714 shares of the company’s stock worth $4,405,000 after acquiring an additional 370 shares in the last quarter. Boston Partners grew its holdings in shares of Zoom Communications by 4.0% in the 1st quarter. Boston Partners now owns 6,683 shares of the company’s stock worth $493,000 after acquiring an additional 259 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Zoom Communications by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company’s stock worth $123,912,000 after purchasing an additional 16,819 shares during the period. Finally, Aberdeen Group plc raised its holdings in Zoom Communications by 200.1% during the 1st quarter. Aberdeen Group plc now owns 229,926 shares of the company’s stock worth $16,962,000 after buying an additional 153,312 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. UBS Group assumed coverage on shares of Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 price objective on the stock. Wall Street Zen cut shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $90.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Finally, Citigroup boosted their price objective on Zoom Communications from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.00.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.