Zoom Communications (NASDAQ:ZM) CFO Sells 8,489 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CFO Michelle Chang sold 8,489 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer directly owned 35,452 shares in the company, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zoom Communications Trading Up 2.4%

Zoom Communications stock traded up $2.12 during midday trading on Monday, hitting $91.88. The stock had a trading volume of 3,176,943 shares, compared to its average volume of 4,368,499. The stock has a market cap of $26.94 billion, a P/E ratio of 13.49, a P/E/G ratio of 4.96 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. The business has a fifty day moving average price of $96.13 and a 200 day moving average price of $88.77.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.Zoom Communications’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC grew its position in Zoom Communications by 2.0% in the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after purchasing an additional 116 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of Zoom Communications by 1.6% during the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock valued at $592,000 after buying an additional 119 shares during the last quarter. Rexford Capital Inc. raised its holdings in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after buying an additional 122 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Zoom Communications by 0.5% during the fourth 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 period. Finally, Root Financial Partners LLC boosted its position in shares of Zoom Communications by 33.5% during the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after buying an additional 136 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZM has been the subject of several recent research reports. HSBC boosted their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. BTIG Research increased their price target on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a report on Tuesday, June 30th. Mizuho boosted their price objective on Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, Benchmark upped their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

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.