Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 1,442 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $100.14, for a total value of $144,401.88. Following the completion of the transaction, the director owned 116,512 shares in the company, valued at approximately $11,667,511.68. The trade was a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Santiago Subotovsky also recently made the following trade(s):
- On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total value of $69,283.71.
- 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 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 Stock Performance
Shares of Zoom Communications stock opened at $95.50 on Friday. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The stock's 50-day simple moving average is $95.56 and its 200 day simple moving average is $91.90. The stock has a market capitalization of $27.86 billion, a P/E ratio of 8.84, a P/E/G ratio of 4.36 and a beta of 1.03.
Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The company's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts forecast that Zoom Communications, Inc. will post 4.24 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently commented on ZM shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Thursday, October 22nd. Jefferies Financial Group reduced their price objective on shares of Zoom Communications from $118.00 to $116.00 and set a "buy" rating for the company in a research note on Wednesday, August 26th. KeyCorp reissued a "sector weight" rating on shares of Zoom Communications in a report on Wednesday, August 26th. Sanford C. Bernstein restated a "market perform" rating and set a $108.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.48.
Check Out Our Latest Stock Report on Zoom Communications
Hedge Funds Weigh In On Zoom Communications
A number of institutional investors have recently added to or reduced their stakes in ZM. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 last quarter. V Square Quantitative Management LLC increased its position in shares of Zoom Communications by 100.4% in the first quarter. V Square Quantitative Management LLC now owns 505 shares of the company's stock worth $41,000 after purchasing an additional 253 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its position in shares of Zoom Communications by 400.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company's stock worth $43,000 after purchasing an additional 400 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of 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 purchasing an additional 273 shares during the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new stake in Zoom Communications in the third quarter valued at approximately $43,000. 66.54% of the stock is currently owned by institutional investors.
About Zoom Communications
(
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.
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