Savant Capital LLC Has $344,000 Stock Position in Zoom Communications, Inc. $ZM

Savant Capital LLC trimmed its position in Zoom Communications, Inc. (NASDAQ:ZM) by 93.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,984 shares of the company’s stock after selling 61,454 shares during the quarter. Savant Capital LLC’s holdings in Zoom Communications were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZM. NewEdge Advisors LLC boosted its holdings in shares of Zoom Communications by 16.8% in the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after buying an additional 1,153 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after buying an additional 6,235 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after buying an additional 397 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Zoom Communications in the second quarter worth about $217,000. Finally, Invesco Ltd. boosted its holdings in shares of Zoom Communications by 7.0% in the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after buying an additional 47,749 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on ZM shares. Sanford C. Bernstein decreased their target price on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. HSBC raised their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley raised their target price on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Citigroup raised their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Stock Performance

ZM stock opened at $101.62 on Friday. The stock has a market cap of $29.80 billion, a P/E ratio of 14.92, a P/E/G ratio of 6.02 and a beta of 1.01. The firm has a 50 day simple moving average of $94.38 and a 200 day simple moving average of $88.16. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last 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. Sell-side analysts predict that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the transaction, the director owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the transaction, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 159,228 shares of company stock valued at $14,102,835. 11.51% of the stock is owned by company insiders.

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.