Zoom Communications, Inc. $ZM Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 55.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 578,408 shares of the company’s stock after buying an additional 205,860 shares during the period. Sei Investments Co.’s holdings in Zoom Communications were worth $46,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications in the 4th quarter worth $26,000. Strive Financial Group LLC purchased a new position in shares of Zoom Communications in the 4th quarter worth about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Zoom Communications in the 4th quarter valued at about $28,000. Rexford Capital Inc. lifted its stake in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zoom Communications

In other news, CFO Michelle Chang sold 8,489 shares of Zoom Communications 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 sale, the chief financial officer directly owned 35,452 shares of the company’s stock, valued at approximately $3,219,041.60. The trade was a 19.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the transaction, the director owned 137,608 shares in the company, valued at approximately $15,106,606.24. This trade represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,517 shares of company stock valued at $5,061,783 in the last ninety days. Insiders own 8.83% of the company’s stock.

Zoom Communications Stock Up 4.6%

Shares of NASDAQ:ZM opened at $87.99 on Friday. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 4.72 and a beta of 1.01. The company has a 50 day moving average of $93.30 and a two-hundred day moving average of $88.99. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. 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 4.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ZM. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Thursday. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, May 20th. Benchmark upped their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Robert W. Baird increased their price target on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Zoom Communications presently has a consensus 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.