Key Points
- Michelle Chang, Zoom’s CFO, sold 8,489 shares on April 10 at an average price of $81.32 (totaling $690,325.48) under a pre-arranged Rule 10b5-1 plan to cover tax withholding, cutting her stake by 21.79% to 30,467 shares (≈$2.48M).
- Zoom reported quarterly EPS of $1.44 (missing estimates by $0.04) on $1.25 billion in revenue (up 5.3% YoY); the company has a market cap of $24.4B and carries a consensus analyst rating of Hold with a $95.32 price target.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Michelle Chang sold 8,489 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $81.32, for a total transaction of $690,325.48. Following the completion of the transaction, the chief financial officer owned 30,467 shares of the company's stock, valued at approximately $2,477,576.44. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Price Performance
NASDAQ:ZM opened at $82.80 on Tuesday. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $97.58. The company's 50-day simple moving average is $82.36 and its 200 day simple moving average is $83.94. The firm has a market capitalization of $24.40 billion, a P/E ratio of 13.35, a PEG ratio of 4.53 and a beta of 0.88.
Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the company posted $1.41 EPS. Zoom Communications's revenue for the quarter was up 5.3% compared to the same quarter last year. 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. On average, equities research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ZM. Piper Sandler lifted their price objective on Zoom Communications from $85.00 to $91.00 and gave the company a "neutral" rating in a research note on Monday, January 5th. Argus raised Zoom Communications to a "hold" rating in a research note on Monday, March 9th. Zacks Research downgraded Zoom Communications from a "strong-buy" rating to a "hold" rating in a report on Friday, February 13th. BTIG Research lowered their price target on Zoom Communications from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Zoom Communications presently has a consensus rating of "Hold" and a consensus price target of $95.32.
Check Out Our Latest Stock Analysis on Zoom Communications
Hedge Funds Weigh In On Zoom Communications
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZM. Norges Bank purchased a new stake in Zoom Communications during the 4th quarter valued at $509,788,000. AQR Capital Management LLC increased its holdings in shares of Zoom Communications by 43.9% in the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company's stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Zoom Communications in the third quarter worth $86,709,000. Vanguard Group Inc. raised its stake in shares of Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company's stock worth $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Zoom Communications by 54.4% during the third quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company's stock valued at $222,353,000 after purchasing an additional 949,829 shares in the last quarter. 66.54% of the stock is owned by institutional investors.
Zoom Communications Company Profile
(
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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