9,410 Zoom Communications, Inc. $ZM Shares Bought by Courier Capital LLC

Courier Capital LLC lifted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 94.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,342 shares of the company’s stock after purchasing an additional 9,410 shares during the period. Courier Capital LLC’s holdings in Zoom Communications were worth $1,756,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ZM. Hsbc Holdings PLC boosted its holdings in Zoom Communications by 43.6% during the fourth quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after buying an additional 128,174 shares during the last quarter. Tidal Investments LLC raised its position in shares of Zoom Communications by 251.2% in the 2nd quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after acquiring an additional 88,303 shares during the period. Altshuler Shaham Ltd raised its position in shares of Zoom Communications by 1.2% in the 4th quarter. Altshuler Shaham Ltd now owns 2,043,218 shares of the company’s stock valued at $176,309,000 after acquiring an additional 24,246 shares during the period. Bull Harbor Capital LLC bought a new position in Zoom Communications during the 1st quarter worth approximately $939,000. Finally, Graham Capital Management L.P. boosted its stake in Zoom Communications by 149.4% during the 4th quarter. Graham Capital Management L.P. now owns 46,720 shares of the company’s stock worth $4,031,000 after acquiring an additional 27,984 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $93.74, for a total value of $1,134,254.00. Following the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at approximately $2,155,832.52. The trade was a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $93.74, for a total value of $247,192.38. Following the sale, the director owned 121,786 shares in the company, valued at approximately $11,416,219.64. This represents a 2.12% 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. Insiders have sold 59,719 shares of company stock worth $5,754,795 over the last ninety days. Insiders own 8.83% of the company’s stock.

Analysts Set New Price Targets

ZM has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Zoom Communications from $105.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. UBS Group upped their price objective on shares of Zoom Communications from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.62.

Zoom Communications Stock Up 0.2%

ZM traded up $0.22 during trading on Tuesday, hitting $98.16. The company had a trading volume of 2,596,338 shares, compared to its average volume of 3,944,009. The company has a market capitalization of $28.64 billion, a PE ratio of 9.09, a PEG ratio of 4.52 and a beta of 1.03. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The firm’s 50-day moving average price is $97.63 and its 200 day moving average price is $94.28.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data 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. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. Zoom Communications’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. Sell-side analysts forecast that Zoom Communications, Inc. will post 4.27 earnings per share for the current year.

About Zoom Communications

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.