20,520 Shares in Zoom Communications, Inc. $ZM Acquired by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,520 shares of the company’s stock, valued at approximately $1,771,000.

A number of other institutional investors have also recently bought and sold shares of the business. NewEdge Advisors LLC lifted its position in Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after buying an additional 1,153 shares in the last quarter. Intech Investment Management LLC increased its stake 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 acquiring an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after acquiring an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Zoom Communications during the second quarter worth $217,000. Finally, Invesco Ltd. raised its stake in shares of Zoom Communications by 7.0% during the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after purchasing an additional 47,749 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Trading Down 1.8%

Shares of Zoom Communications stock opened at $96.68 on Tuesday. The company has a market cap of $28.35 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 5.01 and a beta of 1.00. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74. The company’s fifty day simple moving average is $94.90 and its 200-day simple moving average is $91.42.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business posted $1.53 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, research analysts forecast that Zoom Communications, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZM has been the topic of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of Zoom Communications in a report on Wednesday, August 26th. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 target price on shares of Zoom Communications in a report on Monday, August 24th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Zoom Communications in a report on Friday, August 21st. KeyCorp reissued a “sector weight” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, Benchmark boosted their price objective on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Sixteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.55.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer owned 35,452 shares of the company’s stock, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the transaction, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at $2,303,709.66. The trade was a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 38,781 shares of company stock worth $3,725,300 over the last quarter. 8.83% 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.