Nordea Investment Management AB Buys 29,973 Shares of Zoom Communications, Inc. $ZM

Nordea Investment Management AB grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 894,492 shares of the company’s stock after buying an additional 29,973 shares during the quarter. Nordea Investment Management AB’s holdings in Zoom Communications were worth $74,144,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Zoom Communications during the 2nd quarter worth approximately $539,998,000. Acadian Asset Management LLC raised its position in shares of Zoom Communications by 41.1% during the second quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after purchasing an additional 1,097,333 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Zoom Communications by 54.4% in the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after purchasing an additional 949,829 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Zoom Communications by 63.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock valued at $166,651,000 after purchasing an additional 830,393 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Zoom Communications during the 3rd quarter valued at $63,357,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the sale, the insider owned 136,182 shares of the company’s stock, valued at approximately $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $86.01, for a total transaction of $212,874.75. Following the completion of the transaction, the director owned 145,219 shares in the company, valued at approximately $12,490,286.19. The trade was a 1.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 392,900 shares of company stock worth $33,187,197. 11.51% of the stock is currently owned by corporate insiders.

Zoom Communications Trading Down 0.5%

Shares of ZM opened at $82.76 on Thursday. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 7.47 and a beta of 0.87. The stock has a 50 day moving average of $85.43 and a 200 day moving average of $81.40. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $91.43.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. 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. As a group, equities research analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ZM shares. Morgan Stanley raised their price objective on shares of Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Benchmark lifted their price target on Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Zacks Research raised Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Wall Street Zen cut Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, William Blair reiterated an “outperform” rating on shares of Zoom Communications in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.82.

Zoom Communications Company 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.