Key Points
- Velchamy Sankarlingam, a Zoom insider, sold 2,590 shares on March 10 at an average price of $78.24 for $202,641.60, trimming his stake to 137,044 shares (a 1.85% reduction); he also sold 7,568 shares on Jan 12 at $86.55.
- Zoom reported $1.44 EPS for the quarter (missing estimates by $0.04) with $1.25B revenue (above estimates), issued FY2027 guidance of $5.77–$5.81 EPS, and the stock trades near $76.40 with a consensus analyst rating of "Hold" and a $95.32 price target.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) insider Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.24, for a total transaction of $202,641.60. Following the sale, the insider directly owned 137,044 shares of the company's stock, valued at $10,722,322.56. The trade was a 1.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Velchamy Sankarlingam also recently made the following trade(s):
- On Monday, January 12th, Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40.
Zoom Communications Trading Up 0.5%
ZM stock traded up $0.35 during mid-day trading on Thursday, hitting $76.40. 216,721 shares of the company were exchanged, compared to its average volume of 4,268,212. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58. The stock has a market capitalization of $22.62 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 4.37 and a beta of 0.93. The business has a 50 day simple moving average of $85.82 and a 200-day simple moving average of $84.62.
Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. Zoom Communications's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 EPS. 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 research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have commented on ZM shares. Zacks Research lowered Zoom Communications from a "strong-buy" rating to a "hold" rating in a report on Friday, February 13th. Citizens Jmp reissued a "market perform" rating on shares of Zoom Communications in a research report on Tuesday, February 24th. Argus upgraded shares of Zoom Communications to a "hold" rating in a research note on Monday. Jefferies Financial Group raised their price target on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, November 25th. Finally, Wolfe Research upgraded shares of Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research note on Thursday, February 5th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Zoom Communications presently has a consensus rating of "Hold" and a consensus price target of $95.32.
Read Our Latest Report on ZM
Institutional Trading of Zoom Communications
Several large investors have recently made changes to their positions in ZM. Kestra Advisory Services LLC raised its stake in shares of Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company's stock worth $512,000 after purchasing an additional 116 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Zoom Communications by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company's stock valued at $2,094,000 after buying an additional 123 shares during the last quarter. Wynn Capital LLC boosted its position in shares of Zoom Communications by 1.3% during the third quarter. Wynn Capital LLC now owns 10,429 shares of the company's stock valued at $860,000 after buying an additional 130 shares during the last quarter. Root Financial Partners LLC grew its holdings in Zoom Communications by 33.5% during the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company's stock worth $47,000 after buying an additional 136 shares in the last quarter. Finally, MAI Capital Management grew its holdings in Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company's stock worth $48,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.
About Zoom Communications
(
Get Free Report)
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.
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