Zoom Communications, Inc. $ZM Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 54.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,829 shares of the company’s stock after selling 8,039 shares during the period. Alps Advisors Inc.’s holdings in Zoom Communications were worth $620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC raised its position in Zoom Communications by 19.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 24,013 shares of the company’s stock valued at $2,180,000 after buying an additional 3,986 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in Zoom Communications in the 3rd quarter valued at approximately $43,000. Torray Investment Partners LLC boosted its position in Zoom Communications by 46.2% during the 3rd quarter. Torray Investment Partners LLC now owns 36,252 shares of the company’s stock worth $3,291,000 after acquiring an additional 11,456 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in 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 acquiring an additional 275 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Zoom Communications during the 3rd quarter worth approximately $5,493,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Top Zoom Communications Stories

Here are a few of the latest stories about ZM:

• Positive Sentiment: Zoom is investing in Medaica’s Telehealth 2.0 platform, which aims to bring integrated devices and AI-assisted clinical exams into homes and care facilities. The move could extend Zoom’s healthcare business beyond video visits. Zoom invests in Medaica for next generation of its telehealth platform
• Positive Sentiment: Zoom is also integrating Quiq’s AI capabilities with Zoom Contact Center and expanding support for AI startups. The broader push could strengthen its position in automated customer service and AI-driven enterprise workflows. Does AI And Telehealth Push Change The Bull Case For Zoom (ZM)?
• Negative Sentiment: A critical remote-code-execution vulnerability affected Zoom clients across macOS, Windows, iOS and Android. Zoom has issued updated software and security guidance, which mitigates the immediate issue, but the disclosure highlights cybersecurity risk. What Does Zoom Communications (ZM) Security Flaw Fix Mean For Customers?

Wall Street Analyst Weigh In

ZM has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a report on Thursday, October 22nd. UBS Group cut their price target on shares of Zoom Communications from $115.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. Bank of America began coverage on shares of Zoom Communications in a research note on Wednesday, August 19th. They set a “buy” rating and a $130.00 price objective for the company. BTIG Research reiterated a “buy” rating and set a $125.00 price objective on shares of Zoom Communications in a research note on Wednesday, October 21st. Finally, Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.48.

Zoom Communications Trading Up 2.1%

Zoom Communications stock opened at $99.80 on Friday. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 4.45 and a beta of 1.02. The stock’s 50 day moving average is $94.39 and its 200-day moving average is $92.31.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company posted $1.53 earnings per share. Zoom Communications’s 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. As a group, equities research analysts predict that Zoom Communications, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Herbert Mcmaster sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $94.71, for a total value of $284,130.00. Following the completion of the sale, the director directly owned 8,479 shares in the company, valued at approximately $803,046.09. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $99.26, for a total value of $758,842.70. Following the sale, the insider directly owned 151,813 shares in the company, valued at $15,068,958.38. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 83,582 shares of company stock worth $8,054,735. Insiders own 8.83% of the company’s stock.

About Zoom Communications

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration. Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service. The company, formerly known as Zoom Video Communications, adopted the name Zoom Communications in 2024 as it expanded its offerings beyond video meetings.