Kepler Cheuvreux Suisse SA Invests $18.60 Million in Zoom Communications, Inc. $ZM

Kepler Cheuvreux Suisse SA bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the third quarter, Holdings Channel reports. The firm bought 225,436 shares of the company’s stock, valued at approximately $18,597,000.

Several other large investors have also added to or reduced their stakes in ZM. Franklin Resources Inc. raised its stake in shares of Zoom Communications by 5.0% in the third quarter. Franklin Resources Inc. now owns 537,006 shares of the company’s stock worth $44,310,000 after purchasing an additional 25,701 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Zoom Communications by 7.2% during the third quarter. Legal & General Group Plc now owns 2,005,141 shares of the company’s stock valued at $165,424,000 after buying an additional 134,120 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Zoom Communications by 118.5% during the third quarter. Banque Cantonale Vaudoise now owns 25,187 shares of the company’s stock valued at $2,077,000 after buying an additional 13,662 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Zoom Communications by 33.7% during the third quarter. Russell Investments Group Ltd. now owns 570,695 shares of the company’s stock worth $47,479,000 after buying an additional 143,707 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Zoom Communications during the third quarter worth $370,000. Institutional investors own 66.54% of the company’s stock.

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, CFO Michelle Chang sold 8,417 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total transaction of $728,407.18. Following the transaction, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at $2,205,212.28. This represents a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 180,494 shares of company stock valued at $15,502,079 in the last 90 days. 10.78% of the stock is currently owned by company insiders.

Zoom Communications Trading Down 0.9%

ZM stock opened at $76.38 on Wednesday. The stock’s fifty day simple moving average is $86.02 and its two-hundred day simple moving average is $84.68. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58. The stock has a market cap of $22.62 billion, a P/E ratio of 12.32, a P/E/G ratio of 4.40 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last announced 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). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. 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.

Analyst Ratings Changes

Several equities analysts have weighed in on ZM shares. Morgan Stanley raised their price objective on Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group upped their target price on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Piper Sandler increased their target price on shares of Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Zacks Research lowered shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Sanford C. Bernstein cut their price target on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $95.32.

About Zoom Communications

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.