Eric Yuan Sells 12,100 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Down 0.9%

Shares of NASDAQ ZM traded down $0.99 during trading on Thursday, reaching $105.21. The company had a trading volume of 3,608,302 shares, compared to its average volume of 4,480,139. The stock has a market cap of $30.85 billion, a PE ratio of 15.45, a P/E/G ratio of 6.40 and a beta of 1.01. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74. The business’s 50-day moving average is $93.33 and its 200 day moving average is $87.92.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, analysts anticipate that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ZM shares. Benchmark upped their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Morgan Stanley increased their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. HSBC increased their target price on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday. Cantor Fitzgerald increased their target price on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Finally, BTIG Research increased their target price on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $109.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Advocate Investing Services LLC bought a new position in shares of Zoom Communications in the fourth quarter worth about $26,000. Strive Financial Group LLC bought a new stake in Zoom Communications during the 4th quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new stake in Zoom Communications during the 4th quarter valued at approximately $28,000. Rexford Capital Inc. raised its stake in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the period. Finally, Sound Income Strategies LLC raised its stake in Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Institutional investors own 66.54% of the company’s stock.

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.