Plato Investment Management Ltd Acquires New Shares in Zoom Communications, Inc. $ZM

Plato Investment Management Ltd bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,023 shares of the company’s stock, valued at approximately $603,000.

Other large investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in Zoom Communications by 6.6% during the second quarter. Handelsbanken Fonder AB now owns 200,418 shares of the company’s stock valued at $17,298,000 after buying an additional 12,457 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Zoom Communications by 133.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Zoom Communications by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Zoom Communications by 4.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 58,359 shares of the company’s stock valued at $5,037,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Zoom Communications by 36.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 608,591 shares of the company’s stock valued at $52,527,000 after acquiring an additional 161,030 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Stock Performance

Shares of Zoom Communications stock opened at $104.71 on Wednesday. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 5.68 and a beta of 1.00. The company’s 50 day moving average price is $92.79 and its 200-day moving average price is $90.81.

Zoom Communications (NASDAQ:ZM) last posted 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. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $1.43 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. 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 forecast that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $100.17, for a total value of $1,212,057.00. Following the sale, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at approximately $2,303,709.66. The trade was a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total transaction of $703,095.12. Following the sale, the insider directly owned 148,403 shares in the company, valued at $13,650,107.94. This trade represents a 4.90% 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. Insiders sold 56,155 shares of company stock valued at $5,654,761 in the last three months. Company insiders own 8.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ZM. BTIG Research boosted their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. HSBC lifted their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Zoom Communications in a research note on Thursday, July 2nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.33.

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.