NorthCrest Asset Manangement LLC Acquires 12,092 Shares of Zoom Communications, Inc. $ZM

NorthCrest Asset Manangement LLC lifted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 262.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,706 shares of the company’s stock after buying an additional 12,092 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Zoom Communications were worth $1,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in Zoom Communications in the second quarter valued at approximately $27,000. REAP Financial Group LLC lifted its holdings in Zoom Communications by 181.7% during the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Zoom Communications in the 2nd quarter valued at about $31,000. Quent Capital LLC bought a new position in shares of Zoom Communications during the third quarter worth approximately $34,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Zoom Communications by 2,957.9% in the third quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock valued at $48,000 after acquiring an additional 562 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.4%

Shares of Zoom Communications stock opened at $81.32 on Wednesday. The stock has a market cap of $24.08 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 7.27 and a beta of 0.87. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $91.43. The company’s fifty day moving average is $85.30 and its 200 day moving average is $81.52.

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

Insider Activity

In other news, CFO Michelle Chang sold 8,417 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the sale, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $86.01, for a total transaction of $212,874.75. Following the sale, the director owned 145,219 shares of the company’s stock, valued at approximately $12,490,286.19. This trade represents a 1.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 378,986 shares of company stock worth $32,094,375. 10.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZM shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday, December 29th. Wall Street Zen lowered shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Morgan Stanley upped their price target on shares of Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Piper Sandler raised their price objective on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.82.

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.