Zoom Communications, Inc. $ZM Shares Acquired by L2 Asset Management LLC

L2 Asset Management LLC lifted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 31.6% during the third quarter, Holdings Channel reports. The firm owned 66,034 shares of the company’s stock after purchasing an additional 15,867 shares during the quarter. L2 Asset Management LLC’s holdings in Zoom Communications were worth $5,448,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Elevation Point Wealth Partners LLC purchased a new position in Zoom Communications in the 2nd quarter worth about $27,000. Root Financial Partners LLC acquired a new stake in Zoom Communications during the 3rd quarter worth about $33,000. Quent Capital LLC purchased a new stake in Zoom Communications during the third quarter valued at about $34,000. Cloud Capital Management LLC purchased a new stake in Zoom Communications during the third quarter valued at about $42,000. Finally, MAI Capital Management boosted its holdings in shares of Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after buying an additional 149 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zoom Communications

In related news, CFO Michelle Chang sold 8,417 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the sale, the chief financial officer directly owned 25,482 shares in the company, valued at approximately $2,205,212.28. This trade represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the sale, the director directly owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 109,706 shares of company stock worth $9,299,555 over the last 90 days. 10.78% of the stock is currently owned by insiders.

Zoom Communications Price Performance

NASDAQ ZM opened at $74.96 on Tuesday. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 4.24 and a beta of 0.93. The company has a 50 day simple moving average of $85.18 and a 200-day simple moving average of $84.52. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. 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. On average, analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

ZM has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. KeyCorp raised their price objective on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. Zacks Research cut shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Rosenblatt Securities reissued a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research note on Thursday, February 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Fourteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $95.32.

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.