Key Points
- Zoom CFO Michelle Chang sold 8,489 shares on July 10 at an average price of $90.80, totaling about $770,801. The sale reduced her direct holdings by 19.32% and was part of a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards.
- Zoom recently posted solid quarterly results, reporting EPS of $1.55 versus the $1.42 consensus estimate and revenue of $1.24 billion, up 5.5% year over year. The company also issued FY 2027 EPS guidance of 5.960 to 6.000.
- Wall Street remains cautiously positive on Zoom, with 15 Buy ratings and 12 Hold ratings contributing to a consensus “Moderate Buy” view. Analysts’ average price target stands at $109.33, with several firms recently raising targets to as high as $130.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the transaction, the chief financial officer directly owned 35,452 shares of the company's stock, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 $91.88 on Tuesday. The stock's 50 day simple moving average is $96.03 and its 200-day simple moving average is $88.80. The company has a market cap of $26.94 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.96 and a beta of 1.01. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74.
Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. 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. On average, equities research analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.
Institutional Trading of Zoom Communications
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications during the 4th quarter worth $26,000. Strive Financial Group LLC acquired a new position in shares of Zoom Communications during the 4th quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Zoom Communications in the fourth quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Rexford Capital Inc. increased its position in Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company's stock worth $31,000 after purchasing an additional 122 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on ZM shares. Jefferies Financial Group increased their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Needham & Company LLC restated a "buy" rating and set a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $130.00 price objective on shares of Zoom Communications in a research note on Tuesday, June 30th. Citigroup upped their price objective on shares of Zoom Communications from $122.00 to $126.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Finally, KeyCorp upgraded shares of Zoom Communications from an "underweight" rating to a "sector weight" rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Zoom Communications has a consensus rating of "Moderate Buy" and an average target price of $109.33.
Read Our Latest Analysis on Zoom Communications
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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