Fieldview Capital Management LLC Purchases Shares of 20,104 Zoom Communications, Inc. $ZM

Fieldview Capital Management LLC acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,104 shares of the company’s stock, valued at approximately $1,735,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Zoom Communications by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after buying an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC raised its holdings in Zoom Communications by 23.4% during the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after buying an additional 1,607,253 shares during the last quarter. State Street Corp raised its holdings in Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after buying an additional 363,776 shares during the last quarter. Norges Bank acquired a new position in Zoom Communications during the fourth quarter worth $509,788,000. Finally, Geode Capital Management LLC raised its holdings in Zoom Communications by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after buying an additional 152,862 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Performance

Shares of ZM opened at $93.68 on Monday. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 5.20 and a beta of 1.01. The stock has a 50 day moving average of $96.00 and a 200 day moving average of $88.77. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.Zoom Communications’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.43 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, equities research analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Insiders Place Their Bets

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director directly owned 137,608 shares of the company’s stock, valued at $15,106,606.24. This represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 156,638 shares of company stock valued at $13,900,194. Insiders own 8.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ZM. Sanford C. Bernstein lowered their price objective on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company increased their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Royal Bank Of Canada increased their price objective on Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Piper Sandler increased their price objective on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Argus raised Zoom Communications to a “hold” rating in a research note on Monday, March 9th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

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.