Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 12,100 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $91.50, for a total value of $1,107,150.00. Following the sale, the chief executive officer directly owned 45,997 shares of the company’s stock, valued at approximately $4,208,725.50. This represents a 20.83% decrease in their position. 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.

Zoom Communications Stock Performance

Zoom Communications stock opened at $88.82 on Friday. The business’s 50-day simple moving average is $94.71 and its two-hundred day simple moving average is $92.08. The company has a market cap of $25.92 billion, a PE ratio of 8.22, a PEG ratio of 4.10 and a beta of 1.02. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The firm had revenue of $1.28 billion during 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 company’s revenue for the quarter 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. As a group, analysts predict that Zoom Communications, Inc. will post 4.24 EPS for the current fiscal year.

Institutional Trading of Zoom Communications

Several hedge funds and other institutional investors have recently bought and sold shares of ZM. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Zoom Communications in the third quarter worth about $43,000. Elevation Wealth Partners LLC boosted its position in Zoom Communications by 133.8% during the third quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock worth $43,000 after acquiring an additional 273 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in Zoom Communications by 400.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock worth $43,000 after acquiring an additional 400 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Zoom Communications by 100.4% during the first quarter. V Square Quantitative Management LLC now owns 505 shares of the company’s stock worth $41,000 after acquiring an additional 253 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of Zoom Communications in a report on Wednesday, October 21st. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a research note on Thursday, October 22nd. Yorkville Ives started coverage on shares of Zoom Communications in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $120.00 price objective on the stock. Finally, UBS Group reduced their target price on shares of Zoom Communications from $115.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target 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.