Zoom Communications, Inc. $ZM Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. cut its position in Zoom Communications, Inc. (NASDAQ:ZM) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,123,782 shares of the company’s stock after selling 8,601 shares during the period. Panagora Asset Management Inc. owned 0.38% of Zoom Communications worth $96,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC increased its holdings in Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after buying an additional 116 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after buying an additional 123 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares in the last quarter. MAI Capital Management boosted its position in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares in the last quarter. Finally, Prudential PLC increased its holdings in shares of Zoom Communications by 5.7% in the 4th quarter. Prudential PLC now owns 3,040 shares of the company’s stock valued at $262,000 after acquiring an additional 164 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ZM shares. Rosenblatt Securities boosted their target price on Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Piper Sandler increased their price target on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reduced their price objective on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Cantor Fitzgerald increased their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $93.68 on Monday. The firm’s fifty day simple moving average is $96.00 and its 200-day simple moving average is $88.77. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 5.20 and a beta of 1.01. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $1.43 EPS. Zoom Communications’s quarterly revenue was up 5.5% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Insider Buying and Selling at Zoom Communications

In related news, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at $173,312.36. The trade was a 86.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 156,638 shares of company stock worth $13,900,194 over the last three months. 8.83% of the stock is currently owned by corporate insiders.

Zoom Communications Company 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.