Summit Global Investments Increases Stock Position in Zoom Communications, Inc. $ZM

Summit Global Investments raised its position in Zoom Communications, Inc. (NASDAQ:ZM) by 604.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,558 shares of the company’s stock after acquiring an additional 106,029 shares during the quarter. Zoom Communications makes up 0.6% of Summit Global Investments’ investment portfolio, making the stock its 27th largest position. Summit Global Investments’ holdings in Zoom Communications were worth $10,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZM. Vanguard Group Inc. increased its holdings in Zoom Communications by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock valued at $1,945,713,000 after purchasing an additional 154,783 shares during the period. State Street Corp grew its position in shares of Zoom Communications by 6.0% in the 2nd quarter. State Street Corp now owns 7,189,501 shares of the company’s stock worth $560,637,000 after buying an additional 410,051 shares during the last quarter. Norges Bank purchased a new position in shares of Zoom Communications during the second quarter valued at approximately $539,998,000. Geode Capital Management LLC raised its holdings in shares of Zoom Communications by 0.5% during the second quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock valued at $373,504,000 after acquiring an additional 23,910 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Zoom Communications by 41.1% in the second quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after acquiring an additional 1,097,333 shares during the period. 66.54% of the stock is owned by institutional investors.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $86.01, for a total value of $212,874.75. Following the completion of the transaction, the director directly owned 145,219 shares of the company’s stock, valued at approximately $12,490,286.19. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michelle Chang sold 8,417 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the transaction, the chief financial officer owned 25,482 shares in the company, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 317,745 shares of company stock worth $27,002,595 over the last quarter. Corporate insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

ZM stock opened at $92.58 on Friday. The firm has a 50 day moving average price of $86.40 and a 200-day moving average price of $82.13. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The firm has a market capitalization of $27.41 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 8.64 and a beta of 0.87.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. As a group, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Finally, Wall Street Zen cut Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.82.

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.