Key Points
- Zoom director Santiago Subotovsky sold 2,637 shares at an average price of $96.63, totaling $254,813.31. The Rule 10b5-1 transaction reduced his direct holdings by 2.08% to 124,423 shares.
- Zoom’s latest quarterly results exceeded expectations, with EPS of $1.55 versus the $1.48 consensus and revenue of $1.28 billion. Revenue increased 4.9% year over year, while the company reported a 65.19% net margin.
- Analyst sentiment remains favorable, with 16 Buy ratings and 12 Hold ratings producing a “Moderate Buy” consensus and an average price target of $112.55.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 2,637 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $96.63, for a total transaction of $254,813.31. Following the completion of the transaction, the director directly owned 124,423 shares of the company's stock, valued at approximately $12,022,994.49. This represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Santiago Subotovsky also recently made the following trade(s):
- On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63.
- On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $90.15, for a total transaction of $237,725.55.
Zoom Communications Stock Performance
NASDAQ ZM opened at $95.46 on Friday. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The company has a market capitalization of $27.85 billion, a P/E ratio of 8.84, a P/E/G ratio of 4.45 and a beta of 1.04. The company has a fifty day moving average of $96.67 and a 200-day moving average of $91.77.
Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, analysts forecast that Zoom Communications, Inc. will post 4.26 EPS for the current fiscal year.
Institutional Trading of Zoom Communications
Several institutional investors have recently added to or reduced their stakes in ZM. Advocate Investing Services LLC bought a new position in shares of Zoom Communications during the fourth quarter valued at about $26,000. Strive Financial Group LLC bought a new stake in shares of Zoom Communications in the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the period. Rexford Capital Inc. boosted its holdings in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company's stock valued at $31,000 after acquiring an additional 122 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company's stock worth $38,000 after acquiring an additional 200 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on ZM shares. Wells Fargo & Company upped their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, May 22nd. Morgan Stanley raised their price objective on Zoom Communications from $105.00 to $107.00 and gave the company an "equal weight" rating in a report on Wednesday, August 26th. KeyCorp restated a "sector weight" rating on shares of Zoom Communications in a research report on Wednesday, August 26th. HSBC upped their target price on Zoom Communications from $107.00 to $133.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Sixteen research 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.com, Zoom Communications presently has an average rating of "Moderate Buy" and an average target price of $112.55.
Read Our Latest Stock Analysis on Zoom Communications
About Zoom Communications
(
Get Free Report)
Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.
Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.
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