Martingale Asset Management L P Lowers Stake in Zoom Communications, Inc. $ZM

Martingale Asset Management L P cut its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,510 shares of the company’s stock after selling 15,527 shares during the period. Martingale Asset Management L P owned about 0.09% of Zoom Communications worth $21,410,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ZM. Quantitative Investment Management LLC bought a new position in Zoom Communications in the 3rd quarter worth about $2,334,000. Arrowstreet Capital Limited Partnership increased its position in shares of Zoom Communications by 46.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after acquiring an additional 836,594 shares during the period. Invesco Ltd. raised its stake in shares of Zoom Communications by 12.9% during the third quarter. Invesco Ltd. now owns 824,671 shares of the company’s stock valued at $68,035,000 after acquiring an additional 94,464 shares in the last quarter. Employees Retirement System of Texas raised its stake in shares of Zoom Communications by 55.7% during the third quarter. Employees Retirement System of Texas now owns 2,355 shares of the company’s stock valued at $194,000 after acquiring an additional 842 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Zoom Communications by 70.3% in the third quarter. Sei Investments Co. now owns 284,869 shares of the company’s stock valued at $23,506,000 after purchasing an additional 117,575 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.24, for a total value of $202,641.60. Following the transaction, the insider owned 137,044 shares in the company, valued at $10,722,322.56. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $93.01, for a total transaction of $1,125,421.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 183,084 shares of company stock valued at $15,704,721 over the last 90 days. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Down 1.5%

Zoom Communications stock opened at $74.94 on Friday. The firm has a market cap of $22.19 billion, a P/E ratio of 12.09, a P/E/G ratio of 4.35 and a beta of 0.93. The business has a fifty day moving average of $85.59 and a two-hundred day moving average of $84.55. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly 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 analysts’ expectations of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

ZM has been the topic of several research analyst reports. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Jefferies Financial Group lifted their target price on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Benchmark dropped their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. BTIG Research cut their price target on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Piper Sandler lifted their price objective on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.32.

Zoom Communications Profile

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.