Velchamy Sankarlingam Sells 2,590 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 2,590 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.24, for a total transaction of $202,641.60. Following the transaction, the insider directly owned 137,044 shares in the company, valued at approximately $10,722,322.56. The trade was a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Velchamy Sankarlingam also recently made the following trade(s):

• On Monday, January 12th, Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock. The stock was sold at an average price of $86.55, for a total transaction of $655,010.40.

Zoom Communications Price Performance

Shares of ZM stock opened at $74.94 on Friday. The firm’s 50-day moving average is $85.59 and its two-hundred day moving average is $84.55. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The company has a market capitalization of $22.19 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.35 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Zoom Communications

A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its stake in shares of Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after acquiring an additional 116 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Zoom Communications by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares in the last quarter. Wynn Capital LLC raised its stake in shares of Zoom Communications by 1.3% in the third quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after acquiring an additional 130 shares in the last quarter. Root Financial Partners LLC boosted its holdings in Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after purchasing an additional 136 shares during the period. Finally, MAI Capital Management boosted its holdings in Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after purchasing an additional 149 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on ZM. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley upped their price target on Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group increased their price target on Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Benchmark cut their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a report on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zoom Communications currently has an average rating of “Hold” and an average target price of $95.32.

About Zoom Communications

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.