Key Points
- CEO Eric Yuan sold 12,100 Zoom shares at an average price of $100.17, generating approximately $1.21 million. The Rule 10b5-1 transaction reduced his holdings by 34.47%, leaving him with 22,998 shares.
- Zoom’s latest quarterly results exceeded expectations, with adjusted EPS of $1.55 versus the $1.42 consensus and revenue of $1.24 billion. Revenue increased 5.5% year over year, while the company reported a 41.99% net margin.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $109.33; 66.54% of Zoom’s shares are held by institutional investors.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric Yuan sold 12,100 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the completion of the sale, the chief executive officer owned 22,998 shares in the company, valued at approximately $2,303,709.66. The trade was a 34.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zoom Communications Price Performance
NASDAQ:ZM opened at $104.50 on Friday. The stock has a market cap of $30.64 billion, a P/E ratio of 15.35, a PEG ratio of 5.43 and a beta of 1.00. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The company has a fifty day moving average price of $92.59 and a 200 day moving average price of $89.86.
Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. 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, equities research analysts anticipate that Zoom Communications, Inc. will post 4.21 EPS for the current year.
Wall Street Analysts Forecast Growth
ZM has been the subject of several research reports. Weiss Ratings upgraded shares of Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Mizuho boosted their price target on Zoom Communications from $100.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 22nd. Robert W. Baird upped their price target on Zoom Communications from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, May 19th. Benchmark raised their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group lifted their price objective on Zoom Communications from $105.00 to $118.00 and gave the stock a "buy" rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.33.
Check Out Our Latest Stock Analysis on ZM
Hedge Funds Weigh In On Zoom Communications
A number of hedge funds and other institutional investors have recently made changes to their positions in ZM. Allianz Asset Management GmbH lifted its holdings in shares of Zoom Communications by 15.6% during the fourth quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company's stock valued at $182,315,000 after acquiring an additional 285,626 shares during the period. Sherry Group Inc. bought a new stake in shares of Zoom Communications in the 4th quarter worth about $894,000. Hsbc Holdings PLC grew its holdings in shares of Zoom Communications by 43.6% in the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company's stock worth $36,460,000 after purchasing an additional 128,174 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Zoom Communications during the 4th quarter worth about $13,312,000. Finally, Geode Capital Management LLC increased its position in shares of Zoom Communications by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company's stock worth $445,254,000 after purchasing an additional 152,862 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
