Zoom Communications, Inc. $ZM Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 4,950.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,447 shares of the company’s stock after acquiring an additional 170,993 shares during the period. Thrivent Financial for Lutherans’ holdings in Zoom Communications were worth $14,392,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new stake in Zoom Communications in the second quarter valued at approximately $27,000. REAP Financial Group LLC increased its holdings in Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after acquiring an additional 229 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Zoom Communications during the second quarter valued at $31,000. Root Financial Partners LLC purchased a new stake in shares of Zoom Communications during the third quarter worth about $33,000. Finally, Quent Capital LLC purchased a new stake in shares of Zoom Communications during the third quarter worth about $34,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Performance

Zoom Communications stock opened at $90.83 on Thursday. The company’s 50 day simple moving average is $87.13 and its 200-day simple moving average is $82.64. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $97.58. The company has a market capitalization of $26.89 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 7.94 and a beta of 0.90.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. 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. Equities analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Insider Activity

In other news, CEO Eric S. Yuan sold 73,378 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $82.73, for a total transaction of $6,070,561.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michelle Chang sold 8,417 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the transaction, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. The trade was a 24.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 253,992 shares of company stock worth $21,598,230 in the last quarter. Insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ZM shares. BTIG Research assumed coverage on Zoom Communications in a research note on Tuesday, December 16th. They set a “buy” rating and a $105.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on shares of Zoom Communications from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $87.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zoom Communications has an average rating of “Moderate Buy” and a consensus target price of $94.74.

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.