Insider Selling: Zoom Communications (NASDAQ:ZM) CFO Sells $844,315.94 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $99.46, for a total transaction of $844,315.94. Following the transaction, the chief financial officer directly owned 40,438 shares of the company’s stock, valued at $4,021,963.48. The trade was a 17.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $98.51 on Friday. The company has a market cap of $28.74 billion, a P/E ratio of 26.02, a P/E/G ratio of 4.36 and a beta of 1.03. The firm’s fifty day moving average is $97.45 and its two-hundred day moving average is $94.53. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. 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. As a group, analysts forecast that Zoom Communications, Inc. will post 4.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ZM shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $104.00 target price on shares of Zoom Communications in a research report on Monday, August 24th. UBS Group raised their price target on Zoom Communications from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a report on Wednesday, August 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a research note on Friday, August 21st. Finally, Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.62.

Hedge Funds Weigh In On Zoom Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its holdings in shares of Zoom Communications by 9.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 665,905 shares of the company’s stock worth $60,444,000 after buying an additional 57,314 shares during the last quarter. Brindle & Bay Financial Advisors LLC bought a new position in shares of Zoom Communications in the 3rd quarter valued at about $215,000. Curated Wealth Partners LLC bought a new position in shares of Zoom Communications in the 3rd quarter valued at about $351,000. Fortitude Family Office LLC lifted its holdings in shares of Zoom Communications by 27.2% in the 3rd quarter. Fortitude Family Office LLC now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 114 shares during the last quarter. Finally, Signal Advisors Wealth LLC purchased a new position in Zoom Communications in the third quarter worth about $245,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.