Zoom Communications (NASDAQ:ZM) Director Sells 2,637 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total value of $237,725.55. Following the completion of the transaction, the director owned 138,554 shares in the company, valued at $12,490,643.10. This represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The stock was sold at an average price of $109.78, for a total value of $578,979.72.
• On Monday, May 4th, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The stock was sold at an average price of $106.58, for a total transaction of $562,102.92.
• On Friday, May 1st, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The shares were sold at an average price of $102.85, for a total transaction of $271,832.55.
• On Thursday, April 16th, Santiago Subotovsky sold 2,388 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total transaction of $208,520.16.
• On Thursday, April 16th, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total value of $230,786.76.

Zoom Communications Price Performance

ZM stock traded down $2.18 during mid-day trading on Monday, reaching $84.96. 3,328,260 shares of the company traded hands, compared to its average volume of 4,420,405. The company has a fifty day moving average price of $96.58 and a 200-day moving average price of $88.83. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The company has a market capitalization of $24.91 billion, a P/E ratio of 12.48, a P/E/G ratio of 4.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. 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. As a group, analysts forecast that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Hedge Funds Weigh In On Zoom Communications

Several institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc raised its stake in shares of Zoom Communications by 9.7% in the second quarter. Versant Capital Management Inc now owns 8,121 shares of the company’s stock worth $701,000 after purchasing an additional 720 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Zoom Communications by 10.8% during the first quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock valued at $208,680,000 after purchasing an additional 253,181 shares during the last quarter. Leigh Baldwin & CO. LLC lifted its position in Zoom Communications by 16.5% during the first quarter. Leigh Baldwin & CO. LLC now owns 5,732 shares of the company’s stock valued at $461,000 after purchasing an additional 810 shares during the period. Bank of America Corp DE grew its position in Zoom Communications by 50.5% in the 1st quarter. Bank of America Corp DE now owns 1,767,728 shares of the company’s stock worth $142,108,000 after purchasing an additional 592,899 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Zoom Communications in the first quarter worth $2,689,000. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZM has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Thursday. Mizuho raised their target price on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Weiss Ratings lowered shares of Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Morgan Stanley raised their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Finally, Benchmark boosted their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

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.