Nordea Investment Management AB Reduces Position in Zoom Communications, Inc. $ZM

Nordea Investment Management AB decreased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 847,625 shares of the company’s stock after selling 46,867 shares during the quarter. Nordea Investment Management AB’s holdings in Zoom Communications were worth $73,192,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new stake in Zoom Communications during the 2nd quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new position in shares of Zoom Communications in the 3rd quarter valued at approximately $33,000. Quent Capital LLC acquired a new position in shares of Zoom Communications in the 3rd quarter valued at approximately $34,000. Cloud Capital Management LLC purchased a new position in shares of Zoom Communications during the 3rd quarter valued at approximately $42,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Zoom Communications by 2,957.9% during the third quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock worth $48,000 after buying an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 1.7%

ZM stock opened at $77.95 on Tuesday. The stock’s 50 day simple moving average is $84.25 and its 200 day simple moving average is $84.33. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $97.58. The firm has a market cap of $23.08 billion, a P/E ratio of 12.57, a P/E/G ratio of 4.38 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. 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. On average, research analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

ZM has been the subject of a number of research analyst reports. Benchmark dropped their price target on shares of Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. KeyCorp raised their price objective on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $106.00 in a research report on Monday, January 12th. Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Zoom Communications in a research note on Thursday, February 26th. Finally, Wolfe Research raised shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, February 5th. Fourteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.32.

Insider Buying and Selling

In other news, CFO Michelle Chang sold 8,417 shares of Zoom Communications stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.54, for a total value 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. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 7,568 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40. Following the sale, the insider directly owned 136,182 shares of the company’s stock, valued at approximately $11,786,552.10. This represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 109,706 shares of company stock worth $9,299,555. Company insiders own 11.51% of the company’s stock.

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.