Key Points
- Zoom director Santiago Subotovsky sold 7,911 shares at an average price of $101.33, generating proceeds of approximately $801,622. The Rule 10b5-1 transaction reduced his holdings by 5.86% to 127,060 shares.
- Zoom recently reported better-than-expected quarterly results, with $1.55 in adjusted earnings per share and $1.24 billion in revenue. Revenue increased 5.5% year over year, and the company issued fiscal 2027 earnings guidance of $5.96–$6.00 per share.
- Analysts maintain a “Moderate Buy” consensus, with 15 Buy ratings and 12 Holds and an average price target of $109.33. Zoom shares opened at $101.30, while institutional investors own 66.54% of the company.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 7,911 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the transaction, the director owned 127,060 shares of the company's stock, valued at approximately $12,874,989.80. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Santiago Subotovsky also recently made the following trade(s):
- 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.
- On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The stock was sold at an average price of $109.78, for a total transaction of $578,979.72.
Zoom Communications Price Performance
ZM stock opened at $101.30 on Friday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The firm has a market cap of $29.70 billion, a PE ratio of 14.88, a P/E/G ratio of 5.40 and a beta of 1.00. The firm has a 50 day simple moving average of $92.53 and a 200 day simple moving average of $89.76.
Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. 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. As a group, sell-side analysts expect that Zoom Communications, Inc. will post 4.21 earnings per share for the current year.
Hedge Funds Weigh In On Zoom Communications
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its stake in Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company's stock valued at $512,000 after purchasing an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC lifted its position in Zoom Communications by 1.6% during the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company's stock worth $592,000 after purchasing an additional 119 shares during the period. Rexford Capital Inc. grew its stake 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 buying an additional 122 shares in the last quarter. New York State Teachers Retirement System grew its stake in 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 worth $2,094,000 after buying an additional 123 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in Zoom Communications by 33.5% in the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company's stock valued at $47,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.
Analysts Set New Price Targets
ZM has been the topic of a number of recent research reports. Citigroup lifted their target price on Zoom Communications from $122.00 to $126.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Jefferies Financial Group upped their target price on Zoom Communications from $105.00 to $118.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Mizuho increased their price target on Zoom Communications from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, May 22nd. Morgan Stanley lifted their price target on Zoom Communications from $92.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $109.33.
Check Out Our Latest Research Report 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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