Santiago Subotovsky Sells 2,643 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,643 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $87.32, for a total transaction of $230,786.76. Following the completion of the transaction, the director directly owned 150,799 shares of the company’s stock, valued at $13,167,768.68. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 16th, Santiago Subotovsky sold 2,388 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total transaction of $208,520.16.
• On Wednesday, March 4th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $77.42, for a total transaction of $191,614.50.
• 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.

Zoom Communications Stock Up 2.9%

Shares of Zoom Communications stock traded up $2.54 during trading on Monday, reaching $90.56. The company’s stock had a trading volume of 3,521,574 shares, compared to its average volume of 3,842,154. The business’s 50-day moving average price is $82.07 and its 200-day moving average price is $84.04. The firm has a market cap of $26.69 billion, a PE ratio of 14.61, a P/E/G ratio of 5.04 and a beta of 0.88. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.41 EPS. 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 predict that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZM. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Zoom Communications in a research report on Thursday, February 26th. Benchmark cut their price objective on shares of Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Piper Sandler upped their price objective on shares of Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Friday, March 13th. Finally, Zacks Research cut shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $95.32.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC raised its stake in Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after acquiring an additional 116 shares in the last quarter. New York State Teachers Retirement System raised its stake in Zoom Communications by 0.5% during the fourth 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 in the last quarter. Root Financial Partners LLC raised its stake in Zoom Communications by 33.5% during 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 in the last quarter. MAI Capital Management raised its stake in Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares in the last quarter. Finally, Prudential PLC raised its stake in Zoom Communications by 5.7% during the fourth quarter. Prudential PLC now owns 3,040 shares of the company’s stock worth $262,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.