77,009 Shares in Zoom Communications, Inc. $ZM Acquired by Nykredit A S

Nykredit A S acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 77,009 shares of the company’s stock, valued at approximately $6,647,000.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its holdings in Zoom Communications by 15.6% during the fourth quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock worth $182,315,000 after acquiring an additional 285,626 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Zoom Communications by 43.6% in the fourth quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after acquiring an additional 128,174 shares in the last quarter. Sherry Group Inc. acquired a new stake in shares of Zoom Communications during the fourth quarter worth about $894,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Zoom Communications during the fourth quarter worth about $13,312,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Zoom Communications by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

ZM stock opened at $101.33 on Monday. The stock has a market capitalization of $29.57 billion, a P/E ratio of 9.38, a P/E/G ratio of 4.69 and a beta of 1.04. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74. The business has a 50-day moving average of $95.88 and a 200-day moving average of $91.57.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.Zoom Communications’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 EPS. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Equities analysts expect that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

ZM has been the subject of several research analyst reports. Benchmark boosted their price objective on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Piper Sandler raised their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 27th. Morgan Stanley upped their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $108.00 price objective on shares of Zoom Communications in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.55.

Insider Buying and Selling at Zoom Communications

In related news, CFO Michelle Chang sold 8,489 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the transaction, the chief financial officer owned 35,452 shares in the company, valued at approximately $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 7,911 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares of the company’s stock, valued at approximately $12,874,989.80. This trade represents a 5.86% 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 have sold 50,881 shares of company stock valued at $4,878,914 over the last ninety days. 8.83% of the stock is currently owned by company insiders.

Zoom Communications 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.