Zoom Communications (NASDAQ:ZM) Insider Velchamy Sankarlingam Sells 2,595 Shares

Zoom Communications, Inc. (NASDAQ:ZM) insider Velchamy Sankarlingam sold 2,595 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $87.84, for a total value of $227,944.80. Following the completion of the transaction, the insider directly owned 133,659 shares in the company, valued at approximately $11,740,606.56. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, October 10th, Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock. The shares were sold at an average price of $82.00, for a total value of $628,120.00.

Zoom Communications Price Performance

ZM traded up $2.19 during midday trading on Thursday, hitting $90.24. 2,950,802 shares of the company’s stock traded hands, compared to its average volume of 2,848,731. The company has a market cap of $26.72 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 7.94 and a beta of 0.81. The stock’s fifty day simple moving average is $83.12 and its 200-day simple moving average is $79.98. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $91.04.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. Zoom Communications’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Institutional Trading of Zoom Communications

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Zoom Communications in the second quarter worth $539,998,000. AQR Capital Management LLC increased its position in shares of Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after buying an additional 1,607,253 shares in the last quarter. Acadian Asset Management LLC raised its stake in Zoom Communications by 41.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after buying an additional 1,097,333 shares during the period. Two Sigma Investments LP bought a new position in Zoom Communications during the third quarter worth about $86,709,000. Finally, Vanguard Group Inc. lifted its holdings in Zoom Communications by 4.0% during the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after acquiring an additional 986,164 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Jefferies Financial Group boosted their target price on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. KeyCorp lowered their price target on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Stifel Nicolaus raised their price objective on shares of Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.43.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.