Insider Selling: Zoom Communications (NASDAQ:ZM) Insider Sells 7,645 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 7,645 shares of Zoom Communications stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $99.26, for a total value of $758,842.70. Following the sale, the insider directly owned 151,813 shares of the company’s stock, valued at approximately $15,068,958.38. This trade represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Velchamy Sankarlingam also recently made the following trade(s):

• On Thursday, September 10th, Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock. The shares were sold at an average price of $95.81, for a total value of $248,147.90.
• On Wednesday, July 15th, Velchamy Sankarlingam sold 7,644 shares of Zoom Communications stock. The shares were sold at an average price of $91.98, for a total value of $703,095.12.

Zoom Communications Stock Performance

NASDAQ:ZM traded up $0.22 during mid-day trading on Tuesday, reaching $98.16. The stock had a trading volume of 2,596,338 shares, compared to its average volume of 2,942,318. The firm has a 50 day moving average price of $97.63 and a two-hundred day moving average price of $94.28. The stock has a market capitalization of $28.64 billion, a P/E ratio of 26.98, a P/E/G ratio of 4.52 and a beta of 1.03. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. Zoom Communications’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Research analysts forecast that Zoom Communications, Inc. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 price target on shares of Zoom Communications in a research report on Monday, August 24th. Bank of America assumed coverage on Zoom Communications in a research note on Wednesday, August 19th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, BTIG Research reiterated a “buy” rating and issued a $125.00 price objective on shares of Zoom Communications in a report on Monday, August 24th. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and a consensus target price of $113.62.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in Zoom Communications by 43.6% during the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock valued at $36,460,000 after buying an additional 128,174 shares during the period. Tidal Investments LLC increased its position in shares of Zoom Communications by 251.2% in the second quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after acquiring an additional 88,303 shares during the period. Altshuler Shaham Ltd increased its position in shares of Zoom Communications by 1.2% in the fourth quarter. Altshuler Shaham Ltd now owns 2,043,218 shares of the company’s stock valued at $176,309,000 after acquiring an additional 24,246 shares during the period. Bull Harbor Capital LLC bought a new position in shares of Zoom Communications during the first quarter valued at about $939,000. Finally, Graham Capital Management L.P. raised its stake in shares of Zoom Communications by 149.4% during the fourth quarter. Graham Capital Management L.P. now owns 46,720 shares of the company’s stock valued at $4,031,000 after acquiring an additional 27,984 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.