Varenne Capital Partners Takes $1.56 Million Position in Zoom Communications, Inc. $ZM

Varenne Capital Partners purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,848 shares of the company’s stock, valued at approximately $1,555,000. Zoom Communications makes up about 0.3% of Varenne Capital Partners’ holdings, making the stock its 21st largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Zoom Communications during the second quarter worth about $539,998,000. Acadian Asset Management LLC grew its holdings in shares of Zoom Communications by 41.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after purchasing an additional 1,097,333 shares during the last quarter. Vanguard Group Inc. increased its position in Zoom Communications by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after purchasing an additional 986,164 shares in the last quarter. Pacer Advisors Inc. increased its position in Zoom Communications by 54.4% during 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. Finally, Wedge Capital Management L L P NC bought a new position in Zoom Communications in the 3rd quarter valued at approximately $63,357,000. 66.54% of the stock is currently owned by institutional investors.

Insider Transactions at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,568 shares of the company’s stock in a transaction on 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 directly owned 136,182 shares of the company’s stock, valued at approximately $11,786,552.10. This represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eric S. Yuan sold 73,378 shares of Zoom Communications stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $87.29, for a total transaction of $6,405,165.62. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 183,089 shares of company stock worth $15,751,383. Company insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ZM shares. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Jefferies Financial Group upped their target price on Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Wolfe Research upgraded Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $95.32.

Zoom Communications Trading Up 1.1%

NASDAQ ZM opened at $73.50 on Wednesday. The business’s 50-day moving average price is $87.01 and its two-hundred day moving average price is $84.59. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The firm has a market capitalization of $21.76 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 4.15 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 12.13% and a net margin of 39.03%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business earned $1.41 earnings per share. Zoom Communications’s revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. As a group, analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

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.