Wedge Capital Management L L P NC Has $61.29 Million Stock Holdings in Zoom Communications, Inc. $ZM

Wedge Capital Management L L P NC trimmed its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710,304 shares of the company’s stock after selling 57,661 shares during the period. Zoom Communications comprises about 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 16th largest position. Wedge Capital Management L L P NC’s holdings in Zoom Communications were worth $61,292,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZM. Norges Bank bought a new stake in shares of Zoom Communications during the second quarter worth about $539,998,000. AQR Capital Management LLC raised its holdings in shares of Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after acquiring an additional 1,607,253 shares during the last quarter. Two Sigma Investments LP bought a new position in Zoom Communications in the 3rd quarter valued at about $86,709,000. Vanguard Group Inc. lifted its position in Zoom Communications by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after acquiring an additional 986,164 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Zoom Communications by 54.4% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after purchasing an additional 949,829 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications News Roundup

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Analyst support tied to AI momentum — Needham and other bullish voices highlight Zoom’s AI roadmap and see the company as undervalued, with a consensus price target near $97.50 (roughly mid- to high‑teens-to-20s % upside from current levels), which supports upside over a multi‑quarter horizon. Needham Bullish on Zoom Communications
• Positive Sentiment: Product/AI expansions that broaden TAM — Zoom expanded integrations (Pindrop voice-authentication/deepfake detection in Zoom Contact Center) and pushed AI Companion 3.0 features, which could grow contact‑center revenue and enterprise spend beyond core video. Pindrop AI Fraud Detection Expansion
• Neutral Sentiment: Short‑term price context — Coverage pieces note the stock ran up after earnings (a ~5% move since the report) as investors parsed the beat/miss details; these explain recent volatility but don’t resolve the longer-term story. Why Is Zoom Up 5% Since Last Earnings Report?
• Neutral Sentiment: Narrative is splitting — Some analysts lean into AI and Anthropic exposure as growth drivers, while others flag margin trade‑offs and slower revenue growth versus faster SaaS peers; fair‑value estimates were only slightly trimmed, reflecting a divided outlook. How The Narrative For Zoom Is Shifting With AI Bets And Growth Trade Offs
• Negative Sentiment: Mixed earnings fundamentals — Q4 revenue beat modestly (+5.3% YoY) but EPS missed by $0.04; the full‑year picture disappointed some investors, and management provided FY/Q1 EPS guidance that leaves the growth story mixed, prompting profit‑taking. Reddit’s Bull Case for Zoom Has Nothing to Do With Video Calls
• Negative Sentiment: Technical and valuation pressure — the shares are below recent 50/200‑day averages and trading on a mid‑teens PE relative to slower revenue growth, making the stock vulnerable to short‑term selling until clearer evidence of AI‑driven revenue acceleration appears.

Zoom Communications Stock Performance

Shares of ZM stock opened at $77.71 on Friday. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The company has a 50-day simple moving average of $83.91 and a two-hundred day simple moving average of $84.15. The company has a market capitalization of $22.90 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 4.54 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $1.41 EPS. Zoom Communications’s quarterly 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. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZM has been the subject of a number of recent research reports. Argus raised Zoom Communications to a “hold” rating in a report on Monday, March 9th. Zacks Research lowered Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup upgraded Zoom Communications from a “neutral” rating to a “buy” rating and upped their price target for the stock from $94.00 to $106.00 in a report on Monday, January 12th. Finally, Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, February 5th. Fourteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $95.32.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total transaction of $191,614.50. Following the sale, the director directly owned 153,442 shares in the company, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Aparna Bawa sold 12,137 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $160,949.86. This represents a 85.99% 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 valued at $9,299,555 in the last ninety days. Insiders own 11.51% of the company’s stock.

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.