Pinnacle Wealth Management Advisory Group LLC Buys New Position in Zoom Communications, Inc. $ZM

Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,587 shares of the company’s stock, valued at approximately $568,000.

A number of other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock worth $19,697,000 after purchasing an additional 22,704 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of Zoom Communications during the 3rd quarter worth about $1,238,000. LSV Asset Management raised its position in shares of Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after purchasing an additional 50,579 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Zoom Communications during the 3rd quarter worth about $1,963,000. Finally, Boston Common Asset Management LLC acquired a new position in shares of Zoom Communications during the 4th quarter worth about $2,163,000. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Price Performance

Zoom Communications stock opened at $106.63 on Tuesday. The firm has a 50 day simple moving average of $82.06 and a 200-day simple moving average of $84.78. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $107.91. The stock has a market cap of $31.42 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 5.92 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results 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 net margin of 39.03% and a return on equity of 11.88%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $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. Equities analysts expect that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZM. Piper Sandler upped their price objective on shares of Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Sanford C. Bernstein dropped their price objective on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Wall Street Zen cut shares of Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and upped their price objective for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Fourteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zoom Communications presently has an average rating of “Hold” and an average price target of $95.32.

Insiders Place Their Bets

In other news, CEO Eric S. Yuan sold 15,273 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $82.23, for a total value of $1,255,898.79. Following the completion of the sale, the chief executive officer owned 36,796 shares of the company’s stock, valued at $3,025,735.08. This represents a 29.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. This trade represents a 5.11% 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. Over the last 90 days, insiders have sold 126,787 shares of company stock worth $10,464,909. 10.78% of the stock is currently owned by company insiders.

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.