Saudi Central Bank Acquires 7,396 Shares of Zoom Communications, Inc. $ZM

Saudi Central Bank increased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 79.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,756 shares of the company’s stock after acquiring an additional 7,396 shares during the quarter. Saudi Central Bank’s holdings in Zoom Communications were worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Advocate Investing Services LLC bought a new position in Zoom Communications in the 4th quarter worth $26,000. Strive Financial Group LLC bought a new stake in shares of Zoom Communications during the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Rexford Capital Inc. increased its position in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after buying an additional 122 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Zoom Communications by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after buying an additional 200 shares during the period. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Performance

ZM stock opened at $96.44 on Wednesday. The firm has a 50 day moving average price of $96.39 and a 200-day moving average price of $91.70. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 4.69 and a beta of 1.04.

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

Analysts Set New Price Targets

Several analysts have commented on ZM shares. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 price objective on shares of Zoom Communications in a report on Monday, August 24th. UBS Group increased their target price on Zoom Communications from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Zoom Communications in a research note on Wednesday, August 26th. Wells Fargo & Company lifted their price target on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.55.

Insider Buying and Selling

In other news, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the transaction, the chief financial officer directly owned 35,452 shares in the company, valued at $3,219,041.60. This trade represents a 19.32% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the transaction, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at approximately $2,192,629.32. This represents a 34.47% decrease in their position. 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. In the last three months, insiders sold 50,881 shares of company stock valued at $4,878,914. Insiders own 8.83% of the company’s stock.

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.