Key Points
- Zoom insider Velchamy Sankarlingam sold 2,590 shares at an average price of $95.81, totaling $248,147.90. The pre-arranged Rule 10b5-1 sale was made to cover tax obligations from vested equity awards, reducing his ownership by 1.71%.
- Zoom reported quarterly revenue of $1.28 billion and adjusted earnings of $1.55 per share, exceeding analyst expectations, while revenue increased 4.9% year over year.
- Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $112.55; institutional investors own 66.54% of the shares.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) insider Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $95.81, for a total transaction of $248,147.90. Following the completion of the sale, the insider directly owned 149,265 shares of the company's stock, valued at approximately $14,301,079.65. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Velchamy Sankarlingam also recently made the following trade(s):
- On Wednesday, July 15th, Velchamy Sankarlingam sold 7,644 shares of Zoom Communications stock. The shares were sold at an average price of $91.98, for a total transaction of $703,095.12.
Zoom Communications Price Performance
ZM stock opened at $95.57 on Friday. The company's 50-day moving average is $96.84 and its 200-day moving average is $91.80. The stock has a market capitalization of $27.89 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 4.42 and a beta of 1.04. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74.
Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company posted $1.53 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. 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, analysts anticipate that Zoom Communications, Inc. will post 4.26 earnings per share for the current fiscal year.
Institutional Trading of Zoom Communications
Several institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH lifted its stake in Zoom Communications by 15.6% during the 4th 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 in the last quarter. Hsbc Holdings PLC grew its stake 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 acquiring an additional 128,174 shares in the last quarter. Sherry Group Inc. bought a new stake in shares of Zoom Communications in the 4th quarter worth $894,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Zoom Communications in the fourth quarter valued at about $13,312,000. Finally, Geode Capital Management LLC raised its holdings in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company's stock valued at $445,254,000 after purchasing an additional 152,862 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on ZM shares. Morgan Stanley boosted 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. BTIG Research reissued a "buy" rating and issued a $125.00 price target on shares of Zoom Communications in a research report on Monday, August 24th. Bank of America started coverage on shares of Zoom Communications in a research note on Wednesday, August 19th. They set a "buy" rating and a $130.00 price target for the company. Finally, Citizens Jmp restated a "market perform" rating on shares of Zoom Communications in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $112.55.
Read Our Latest Research Report on Zoom Communications
Zoom Communications Company Profile
(
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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