T. Rowe Price Investment Management Inc. Has $400.20 Million Stock Position in Zoom Communications, Inc. $ZM

T. Rowe Price Investment Management Inc. increased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,637,903 shares of the company’s stock after acquiring an additional 341,104 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Zoom Communications were worth $400,205,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 116 shares during the period. New York State Teachers Retirement System boosted its stake in shares of 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 valued at $2,094,000 after buying an additional 123 shares during the period. Root Financial Partners LLC increased 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. MAI Capital Management raised its holdings in shares of 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 holdings in shares of 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. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZM. Cantor Fitzgerald upped their target price on Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Morgan Stanley raised their price objective on shares of Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. HSBC raised their price target on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Benchmark increased their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Trading Down 1.2%

Shares of Zoom Communications stock opened at $86.36 on Friday. The firm has a fifty day simple moving average of $96.58 and a 200-day simple moving average of $88.91. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 4.85 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, research analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. The trade was a 21.79% 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. Insiders sold a total of 156,638 shares of company stock valued at $13,900,194 in the last ninety days. Company insiders own 8.83% of the company’s stock.

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.