Zoom Communications (NASDAQ:ZM) Insider Velchamy Sankarlingam Sells 7,644 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 7,644 shares of Zoom Communications stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total value of $703,095.12. Following the completion of the transaction, the insider owned 148,403 shares of the company’s stock, valued at $13,650,107.94. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Trading Down 3.5%

Zoom Communications stock traded down $3.88 during midday trading on Friday, hitting $105.96. The stock had a trading volume of 2,782,090 shares, compared to its average volume of 4,170,142. The business has a fifty day moving average price of $92.46 and a 200 day moving average price of $90.60. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The stock has a market cap of $31.07 billion, a P/E ratio of 15.56, a P/E/G ratio of 5.64 and a beta of 1.00.

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. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $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. On average, equities analysts anticipate that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Zoom Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in shares of Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after acquiring an additional 1,153 shares during the period. Intech Investment Management LLC boosted its stake in Zoom Communications by 59.1% during the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after purchasing an additional 6,235 shares during the period. Geneos Wealth Management Inc. boosted its stake in Zoom Communications by 82.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after purchasing an additional 397 shares during the period. Sivia Capital Partners LLC bought a new position in Zoom Communications in the 2nd quarter worth about $217,000. Finally, Invesco Ltd. grew its position in Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after purchasing an additional 47,749 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler boosted their target price 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. Mizuho lifted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. HSBC boosted their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Citigroup increased their price objective on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Zoom Communications in a report on Thursday, July 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and an average 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.