Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 23,200 Shares of Zoom Communications, Inc. $ZM

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 35.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 88,000 shares of the company’s stock after purchasing an additional 23,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zoom Communications were worth $7,594,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ZM. Toth Financial Advisory Corp bought a new stake in Zoom Communications in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC increased its stake in Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Activest Wealth Management increased its stake in Zoom Communications by 4,318.2% in the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares in the last quarter. Root Financial Partners LLC increased its stake in Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after purchasing an additional 136 shares in the last quarter. Finally, MAI Capital Management increased its stake in Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Performance

Shares of ZM opened at $101.62 on Monday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The firm has a fifty day simple moving average of $94.38 and a 200 day simple moving average of $88.20. The stock has a market capitalization of $29.80 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 5.64 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The firm 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter 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. As a group, research analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction dated 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 directly 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 transaction 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, COO Aparna Bawa sold 12,886 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $173,312.36. This represents a 86.69% 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. In the last quarter, insiders have sold 159,228 shares of company stock worth $14,102,835. 10.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZM has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Royal Bank Of Canada upped their target price on shares of Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. Sanford C. Bernstein reduced their price target 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. Finally, Needham & Company LLC upped their price target on shares of Zoom Communications from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

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.