Key Points
- CEO Eric Yuan sold 12,100 Zoom shares at an average price of $95.34, generating approximately $1.15 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 34.47%.
- Zoom reported quarterly EPS of $1.55, beating estimates by $0.07, while revenue reached $1.28 billion and rose 4.9% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $112.55, while institutional investors and hedge funds own 66.54% of the company.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $95.34, for a total transaction of $1,153,614.00. Following the completion of the sale, the chief executive officer owned 22,998 shares of the company's stock, valued at $2,192,629.32. This trade represents a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zoom Communications Trading Up 2.4%
Shares of Zoom Communications stock opened at $98.14 on Friday. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 4.44 and a beta of 1.04. The firm's 50 day simple moving average is $95.58 and its two-hundred day simple moving average is $91.51.
Zoom Communications (NASDAQ:ZM - Get Free Report) last released its earnings results on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.07. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The company's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. On average, sell-side analysts predict that Zoom Communications, Inc. will post 4.26 EPS for the current fiscal year.
Hedge Funds Weigh In On Zoom Communications
Large investors have recently made changes to their positions in the company. Corient Private Wealth LP boosted its holdings in Zoom Communications by 17.1% during the second quarter. Corient Private Wealth LP now owns 79,755 shares of the company's stock worth $6,884,000 after buying an additional 11,675 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Zoom Communications in the second quarter valued at $17,053,000. California State Teachers Retirement System increased its holdings in Zoom Communications by 8,620.6% in the second quarter. California State Teachers Retirement System now owns 31,999,864 shares of the company's stock valued at $2,761,908,000 after buying an additional 31,632,917 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Zoom Communications in the second quarter worth about $1,062,000. Finally, Wedmont Private Capital raised its position in shares of Zoom Communications by 17.0% in the second quarter. Wedmont Private Capital now owns 4,047 shares of the company's stock worth $363,000 after acquiring an additional 588 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ZM. Sanford C. Bernstein reiterated a "market perform" rating and issued a $108.00 price objective on shares of Zoom Communications in a research note on Wednesday, August 26th. Wells Fargo & Company upped their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the company an "equal weight" rating in a report on Friday, May 22nd. Morgan Stanley increased their price target on Zoom Communications from $105.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 26th. Needham & Company LLC reiterated a "buy" rating and set a $130.00 price objective on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, BTIG Research reissued a "buy" rating and issued a $125.00 price objective on shares of Zoom Communications in a report on Monday, August 24th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.55.
Check Out Our Latest Stock Report on ZM
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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