Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 717 Shares of Company Stock

October 24, 2026 by InsiderTrades.com

Key Points

Director Santiago Subotovsky sold 717 Zoom shares at an average price of $96.63, generating $69,283.71. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 0.60% to 118,350 shares.
Zoom’s latest quarterly results exceeded expectations, with adjusted 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 is generally favorable but mixed: the stock has a “Moderate Buy” consensus rating and a $114.48 average target, while some firms remain neutral amid concerns about valuation, AI monetization, execution, and near-term growth.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 717 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $96.63, for a total value of $69,283.71. Following the transaction, the director directly owned 118,350 shares in the company, valued at approximately $11,436,160.50. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Santiago Subotovsky also recently made the following trade(s):

On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The shares were sold at an average price of $100.43, for a total value of $2,008.60.
On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The shares were sold at an average price of $100.56, for a total value of $383,334.72.
On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $93.74, for a total value of $247,192.38.
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 transaction 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 transaction of $801,621.63.

Zoom Communications Stock Performance

Zoom Communications stock opened at $95.77 on Friday. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74. The firm has a 50 day moving average price of $96.29 and a 200 day moving average price of $95.10. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 4.27 and a beta of 1.03.

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Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. The firm 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%. Zoom Communications's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts predict that Zoom Communications, Inc. will post 4.27 EPS for the current year.

Zoom Communications News Summary

Here are the key news stories impacting Zoom Communications this week:

Positive Sentiment: Analyst support remains broad: Oppenheimer upgraded Zoom, while BTIG Research and RBC initiated or reiterated bullish ratings. Rosenblatt maintained a Buy rating, and Needham reaffirmed its Buy rating with a $130 price target, implying substantial upside from recent levels. Oppenheimer upgrades Zoom BTIG gives Zoom a Buy rating Rosenblatt maintains Buy rating RBC gives Zoom an Outperform rating
Positive Sentiment: Zoomtopia highlighted a deeper AI push: Zoom introduced a unified context layer and additional AI tools designed to convert meeting discussions into completed work across Zoom Workplace, customer experience, developer tools, and events. The announcements support management’s effort to reaccelerate growth and improve the platform’s strategic value. Zoom AI strategy announcement
Neutral Sentiment: Valuation arguments are mixed: Some analysis estimates ZM is undervalued following the AI announcements, while comparisons with other software stocks question whether it is currently the better value opportunity. Wells Fargo maintained a Hold rating, and Cantor Fitzgerald reiterated Neutral, limiting the overall bullish signal. Wells Fargo maintains Hold rating
Negative Sentiment: Near-term sentiment has been pressured: Zoom’s stock recently declined more sharply than the broader market. Commentary also cautions that the shares may trade at a discount after the AI push if investors remain uncertain about monetization, execution, or the pace of revenue growth. Zoom stock valuation after AI push

Analyst Ratings Changes

Zoom Stock: Leading the Video Market After Skype’s Exit

A number of research firms have recently commented on ZM. BTIG Research restated a "buy" rating and set a $125.00 price objective on shares of Zoom Communications in a report on Wednesday. Sanford C. Bernstein reiterated a "market perform" rating and issued a $108.00 target price on shares of Zoom Communications in a report on Wednesday, August 26th. Oppenheimer raised Zoom Communications from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research report on Wednesday. KeyCorp reissued a "sector weight" rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $130.00 price target on shares of Zoom Communications in a research note on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.48.

Get Our Latest Stock Report on ZM

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Zoom Communications by 0.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,215 shares of the company's stock valued at $2,380,000 after purchasing an additional 107 shares in the last quarter. Fortitude Family Office LLC increased its stake in Zoom Communications by 27.2% during the 3rd quarter. Fortitude Family Office LLC now owns 533 shares of the company's stock worth $48,000 after buying an additional 114 shares during the period. 3Chopt Investment Partners LLC lifted its holdings in Zoom Communications by 1.6% in the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company's stock worth $592,000 after buying an additional 119 shares in the last quarter. Rexford Capital Inc. lifted its holdings in Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company's stock worth $31,000 after buying an additional 122 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Zoom Communications by 133.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company's stock worth $30,000 after buying an additional 200 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Company Profile

(Get Free Report)

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company's product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.