Zoom Communications, Inc. $ZM Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its position in Zoom Communications, Inc. (NASDAQ:ZM) by 68.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,311 shares of the company’s stock after selling 31,150 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Zoom Communications were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Zoom Communications by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock valued at $1,945,713,000 after purchasing an additional 154,783 shares in the last quarter. State Street Corp grew its holdings in Zoom Communications by 6.0% in the second quarter. State Street Corp now owns 7,189,501 shares of the company’s stock valued at $560,637,000 after purchasing an additional 410,051 shares during the period. Norges Bank purchased a new stake in shares of Zoom Communications in the second quarter valued at approximately $539,998,000. Geode Capital Management LLC raised its stake in shares of Zoom Communications by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock worth $373,504,000 after buying an additional 23,910 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Zoom Communications by 41.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after buying an additional 1,097,333 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Trading Up 3.5%

NASDAQ:ZM opened at $92.20 on Monday. The company has a market cap of $27.30 billion, a P/E ratio of 17.94, a P/E/G ratio of 8.26 and a beta of 0.90. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $97.58. The company’s 50-day moving average price is $87.37 and its 200-day moving average price is $82.91.

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

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 12,137 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $160,949.86. This trade represents a 85.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $86.55, for a total value of $655,010.40. Following the transaction, the insider owned 136,182 shares in the company, valued at approximately $11,786,552.10. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 253,992 shares of company stock valued at $21,598,230. Insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ZM shares. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Citigroup upgraded shares of Zoom Communications from a “neutral” rating to a “buy” rating and lifted their target price for the company from $94.00 to $106.00 in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday, December 29th. Piper Sandler raised their price target on shares of Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, Wolfe Research upgraded Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.