Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells $191,614.50 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the completion of the sale, the director directly owned 153,442 shares in the company, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, February 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $90.39, for a total transaction of $223,715.25.
• On Monday, January 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $86.01, for a total value of $212,874.75.

Zoom Communications Trading Up 0.2%

ZM stock opened at $77.50 on Monday. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58. The firm has a market cap of $22.95 billion, a P/E ratio of 12.50, a P/E/G ratio of 4.42 and a beta of 0.93. The business’s 50 day moving average is $86.41 and its 200-day moving average is $84.69.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Institutional Trading of Zoom Communications

Several large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its position in Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares during the last quarter. Wynn Capital LLC increased its position in Zoom Communications by 1.3% in the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after acquiring an additional 130 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares during the last quarter. Finally, MAI Capital Management raised its stake in shares of Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZM. KeyCorp lifted their price objective on Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. JPMorgan Chase & Co. lifted their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and a consensus price target of $95.32.

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.