North Dakota State Investment Board Makes New Investment in Zoom Communications, Inc. $ZM

North Dakota State Investment Board purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 19,160 shares of the company’s stock, valued at approximately $1,653,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in Zoom Communications in the fourth quarter worth about $28,000. Root Financial Partners LLC purchased a new stake in Zoom Communications in the third quarter worth about $33,000. Sound Income Strategies LLC increased its position in Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Activest Wealth Management increased its position in Zoom Communications by 4,318.2% in the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after buying an additional 475 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in Zoom Communications in the third quarter worth about $42,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $106.58, for a total transaction of $562,102.92. Following the completion of the transaction, the director directly owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the transaction, the chief financial officer directly owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 144,329 shares of company stock valued at $12,364,989 in the last 90 days. 10.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird upped their price target on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Sanford C. Bernstein dropped their price objective on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, February 5th. KeyCorp upped their price objective on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.05.

Zoom Communications Stock Down 1.5%

NASDAQ ZM opened at $97.39 on Wednesday. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 5.66 and a beta of 1.00. The business has a 50-day moving average price of $87.29 and a 200-day moving average price of $86.41. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $111.56.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share 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 return on equity of 11.88% and a net margin of 39.03%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period 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. Research analysts expect that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

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.