Zoom Communications (NASDAQ:ZM) Director Sells $191,614.50 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the transaction, the director owned 153,442 shares in the company, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Santiago Subotovsky also recently made the following trade(s):

• On Thursday, February 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $90.39, for a total value of $223,715.25.
• On Monday, January 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $86.01, for a total value of $212,874.75.

Zoom Communications Trading Up 0.2%

Shares of ZM traded up $0.17 during trading hours on Friday, reaching $77.50. The stock had a trading volume of 4,474,969 shares, compared to its average volume of 4,422,828. The firm has a 50-day simple moving average of $86.62 and a 200 day simple moving average of $84.49. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 4.45 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

ZM has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $94.00 to $106.00 in a research report on Monday, January 12th. Wall Street Zen cut Zoom Communications from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. lifted their price objective on shares of Zoom Communications from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zoom Communications currently has an average rating of “Hold” and a consensus price target of $95.32.

Hedge Funds Weigh In On Zoom Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC increased its holdings in Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Zoom Communications by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares during the last quarter. Wynn Capital LLC grew its position in shares of Zoom Communications by 1.3% during the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after acquiring an additional 130 shares during the period. Root Financial Partners LLC increased its stake in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. Finally, MAI Capital Management increased its stake in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

About Zoom Communications

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.