Key Points
- Zoom insider Velchamy Sankarlingam sold 7,644 shares for approximately $703,095 at an average price of $91.98, reducing his direct ownership by 4.9% to 148,403 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Zoom reported quarterly adjusted EPS of $1.55, beating estimates by $0.13, while revenue reached $1.24 billion, up 5.5% year over year and ahead of expectations.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $109.33 price target; 66.54% of Zoom’s shares are held by institutional investors and hedge funds.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total value of $703,095.12. Following the sale, the insider directly owned 148,403 shares of the company's stock, valued at approximately $13,650,107.94. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zoom Communications Stock Performance
Shares of ZM opened at $105.96 on Friday. The stock has a market capitalization of $31.07 billion, a P/E ratio of 15.56, a P/E/G ratio of 5.89 and a beta of 1.00. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74. The company's fifty day moving average is $92.55 and its two-hundred day moving average is $90.70.
Zoom Communications (NASDAQ:ZM - Get Free Report) last released its 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. The company 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 business's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 target price on shares of Zoom Communications in a research report on Thursday, July 23rd. Wells Fargo & Company raised their price target on Zoom Communications from $90.00 to $105.00 and gave the company an "equal weight" rating in a report on Friday, May 22nd. Piper Sandler increased their price objective on Zoom Communications from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Needham & Company LLC reissued a "buy" rating and issued a $130.00 target price on shares of Zoom Communications in a report on Thursday, July 2nd. Finally, Cantor Fitzgerald boosted their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.33.
Check Out Our Latest Research Report on Zoom Communications
Institutional Investors Weigh In On Zoom Communications
Large investors have recently added to or reduced their stakes in the business. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications during the 4th quarter worth about $26,000. Strive Financial Group LLC purchased a new stake in Zoom Communications during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Zoom Communications by 133.3% in the 2nd 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 in the last quarter. Rexford Capital Inc. grew its holdings in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company's stock worth $31,000 after acquiring an additional 122 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Zoom Communications by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.
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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