Key Points
- Director Santiago Subotovsky sold 2,637 Zoom shares for approximately $247,000 at an average price of $93.74, reducing his ownership by 2.12%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Zoom reported quarterly EPS of $1.55 and revenue of $1.28 billion, exceeding analyst estimates, while revenue grew 4.9% year over year and net margin reached 65.19%.
- Wall Street maintains a “Moderate Buy” consensus on ZM, with 14 Buy and 11 Hold ratings and an average price target of $113.62 versus the stock’s reported $94.77 opening price.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 2,637 shares of the company's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $93.74, for a total transaction of $247,192.38. Following the sale, the director owned 121,786 shares in the company, valued at $11,416,219.64. This represents a 2.12% decrease in their ownership of the stock. The sale 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.
Santiago Subotovsky also recently made the following trade(s):
- On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total value of $254,813.31.
- 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 value of $801,621.63.
Zoom Communications Price Performance
Shares of ZM stock opened at $94.77 on Thursday. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74. The stock's 50 day simple moving average is $97.64 and its two-hundred day simple moving average is $93.71. The company has a market cap of $27.65 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 4.35 and a beta of 1.03.
Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS. 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. Equities research analysts expect that Zoom Communications, Inc. will post 4.27 EPS for the current year.
Wall Street Analyst Weigh In
ZM has been the topic of several recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 target price on shares of Zoom Communications in a research note on Friday, August 21st. Cantor Fitzgerald reiterated a "neutral" rating and set a $104.00 price target on shares of Zoom Communications in a report on Monday, August 24th. Morgan Stanley upped their price objective on Zoom Communications from $105.00 to $107.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 26th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $108.00 price target on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group decreased their price objective on shares of Zoom Communications from $118.00 to $116.00 and set a "buy" rating for the company in a report on Wednesday, August 26th. Fourteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Zoom Communications currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.62.
Check Out Our Latest Research Report on ZM
Zoom Communications News Summary
Here are the key news stories impacting Zoom Communications this week:
- Positive Sentiment: An analyst issued a new Buy recommendation for Zoom, adding potential support to investor sentiment. New Buy Recommendation for Zoom Communications
- Positive Sentiment: A valuation-focused comparison of Zoom Communications and ZoomInfo is keeping attention on ZM as a potential value stock. Zoom recently reported quarterly earnings and revenue above analyst expectations, while maintaining strong net margins. GTM or ZM: Which Is the Better Value Stock Right Now?
- Neutral Sentiment: Greater availability of free, fast Wi-Fi on commercial flights is enabling more people to use Zoom calls in the air. This could expand usage opportunities, although the article emphasizes passenger annoyance rather than a direct financial benefit for Zoom. The Latest Nuisance on Flights Is a Zoom Call at 30,000 Feet
- Negative Sentiment: CEO Eric Yuan sold 12,100 shares valued at approximately $1.13 million, reducing his reported ownership by 34.47%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less concerning than an unscheduled discretionary sale, but it may still weigh modestly on sentiment. SEC Filing for Eric Yuan Share Sale
- Negative Sentiment: Director Santiago Subotovsky sold 2,637 shares for approximately $247,000, reducing his position by 2.12%. The transaction also followed a pre-arranged 10b5-1 plan, limiting its significance but adding to the day’s insider-selling headlines. SEC Filing for Santiago Subotovsky Share Sale
Hedge Funds Weigh In On Zoom Communications
Several institutional investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC raised its stake in Zoom Communications by 133.8% in the third quarter. Elevation Wealth Partners LLC now owns 477 shares of the company's stock worth $43,000 after buying an additional 273 shares in the last quarter. QRG Capital Management Inc. boosted its position in Zoom Communications by 13.5% during the 2nd quarter. QRG Capital Management Inc. now owns 45,461 shares of the company's stock valued at $3,924,000 after acquiring an additional 5,401 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Zoom Communications by 10.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,808 shares of the company's stock valued at $242,000 after acquiring an additional 277 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Zoom Communications by 39.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,246 shares of the company's stock valued at $1,230,000 after acquiring an additional 4,026 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Zoom Communications by 251.2% in the 2nd quarter. Tidal Investments LLC now owns 123,450 shares of the company's stock valued at $10,655,000 after acquiring an additional 88,303 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.
About Zoom Communications
(
Get Free Report)
Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.
The company's Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.
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