Continuum Advisory LLC Invests $3.92 Million in Zoom Communications, Inc. $ZM

Continuum Advisory LLC acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 45,429 shares of the company’s stock, valued at approximately $3,921,000.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Zoom Communications during the fourth quarter valued at about $509,788,000. AQR Capital Management LLC boosted its stake in shares of Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after acquiring an additional 3,718,186 shares during the period. Atreides Management LP purchased a new stake in shares of Zoom Communications during the first quarter worth about $105,761,000. Two Sigma Investments LP purchased a new stake in shares of Zoom Communications during the third quarter worth about $86,709,000. Finally, Rubric Capital Management LP bought a new stake in Zoom Communications during the 1st quarter valued at approximately $80,471,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 1.0%

NASDAQ:ZM opened at $95.86 on Thursday. The business’s 50-day moving average is $95.28 and its 200 day moving average is $91.47. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The company has a market capitalization of $28.11 billion, a P/E ratio of 8.88, a P/E/G ratio of 4.39 and a beta of 1.04.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business posted $1.53 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. 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. On average, research analysts forecast that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a report on Friday, August 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Zoom Communications in a report on Monday, August 24th. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 27th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Finally, Citigroup upped their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Sixteen research 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.55.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the sale, the director owned 127,060 shares of the company’s stock, valued at $12,874,989.80. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total transaction of $703,095.12. Following the transaction, the insider owned 148,403 shares of the company’s stock, valued at $13,650,107.94. This trade represents a 4.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 38,781 shares of company stock valued at $3,725,300. 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.