Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 1,442 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 1,442 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $100.14, for a total value of $144,401.88. Following the transaction, the director directly owned 116,512 shares in the company, valued at $11,667,511.68. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total transaction of $69,283.71.
• On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The shares were sold at an average price of $100.43, for a total value of $2,008.60.
• On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The shares were sold at an average price of $100.56, for a total value of $383,334.72.
• On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $93.74, for a total value of $247,192.38.
• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total transaction of $254,813.31.
• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63.

Zoom Communications Stock Performance

Zoom Communications stock traded down $2.16 during midday trading on Friday, reaching $95.50. 1,741,605 shares of the company were exchanged, compared to its average volume of 3,855,913. The firm’s 50-day simple moving average is $95.78 and its 200-day simple moving average is $91.86. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74. The company has a market capitalization of $27.87 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 4.47 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM) last posted 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. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business posted $1.53 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. 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. On average, analysts forecast that Zoom Communications, Inc. will post 4.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Zoom Communications

A number of large investors have recently bought and sold shares of the business. Provenance Wealth Advisors LLC bought a new stake in Zoom Communications in the 3rd quarter valued at $43,000. Torray Investment Partners LLC raised its position in Zoom Communications by 46.2% in the 3rd quarter. Torray Investment Partners LLC now owns 36,252 shares of the company’s stock valued at $3,291,000 after buying an additional 11,456 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Zoom Communications by 29.2% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,218 shares of the company’s stock worth $111,000 after purchasing an additional 275 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Zoom Communications during the third quarter worth about $5,493,000. Finally, MGO One Seven LLC raised its position in Zoom Communications by 7.3% in the 3rd quarter. MGO One Seven LLC now owns 2,820 shares of the company’s stock worth $256,000 after purchasing an additional 193 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ZM shares. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. UBS Group dropped their price target on Zoom Communications from $115.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Morgan Stanley boosted their target price on Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, KeyCorp reissued a “sector weight” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.48.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company’s product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.