Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells $254,813.31 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $96.63, for a total value of $254,813.31. Following the sale, the director owned 124,423 shares of the company’s stock, valued at approximately $12,022,994.49. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63.
• On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $90.15, for a total transaction of $237,725.55.

Zoom Communications Trading Up 0.1%

Zoom Communications stock opened at $95.57 on Friday. The company has a market capitalization of $27.89 billion, a P/E ratio of 8.85, a P/E/G ratio of 4.42 and a beta of 1.04. The firm’s fifty day simple moving average is $96.84 and its 200-day simple moving average is $91.80. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm 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 company posted $1.53 earnings per share. Zoom Communications’s revenue for the quarter was up 4.9% on a year-over-year basis. 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. On average, equities research analysts predict that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Zoom Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its position in Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after purchasing an additional 1,153 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after buying an additional 6,235 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after buying an additional 397 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Zoom Communications in the second quarter valued at about $217,000. Finally, Invesco Ltd. grew its position in Zoom Communications by 7.0% during the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after buying an additional 47,749 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ZM shares. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Bank of America started coverage on shares of Zoom Communications in a research note on Wednesday, August 19th. They issued a “buy” rating and a $130.00 target price on the stock. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 27th. Benchmark boosted their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, KeyCorp restated a “sector weight” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.55.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.