Key Points
- Zoom CEO Eric Yuan sold 12,100 shares for about $1.11 million at an average price of $91.50 under a pre-arranged Rule 10b5-1 plan. After the sale, he held 45,997 shares, a 20.83% reduction in his ownership.
- Zoom’s latest reported quarter beat analyst expectations, with EPS of $1.55 versus $1.48 forecast and revenue of $1.28 billion versus $1.27 billion expected; revenue grew 4.9% year over year.
- Analysts’ consensus rating is Moderate Buy, with a consensus price target of $114.48. Institutional investors own 66.54% of the company’s shares.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric Yuan sold 12,100 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $91.50, for a total value of $1,107,150.00. Following the completion of the sale, the chief executive officer owned 45,997 shares of the company's stock, valued at $4,208,725.50. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zoom Communications Stock Performance
NASDAQ:ZM opened at $88.82 on Friday. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The stock has a market cap of $25.92 billion, a PE ratio of 8.22, a P/E/G ratio of 4.10 and a beta of 1.02. The stock has a 50 day moving average price of $94.71 and a 200 day moving average price of $92.08.
Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.07. The company had revenue of $1.28 billion for 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 firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, analysts predict that Zoom Communications, Inc. will post 4.24 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Zoom Communications
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atreides Management LP purchased a new position in shares of Zoom Communications during the 1st quarter worth $105,761,000. Rubric Capital Management LP acquired a new stake in shares of Zoom Communications during the 1st quarter worth about $80,471,000. Bank of America Corp DE raised its holdings in Zoom Communications by 50.5% in the 1st quarter. Bank of America Corp DE now owns 1,767,728 shares of the company's stock valued at $142,108,000 after buying an additional 592,899 shares during the period. International Assets Investment Management LLC raised its holdings in Zoom Communications by 15,035.9% in the 3rd quarter. International Assets Investment Management LLC now owns 557,000 shares of the company's stock valued at $50,559,000 after buying an additional 553,320 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in Zoom Communications in the 2nd quarter valued at about $43,925,000. Hedge funds and other institutional investors own 66.54% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ZM. Bank of America initiated coverage on shares of Zoom Communications in a research report on Wednesday, August 19th. They set a "buy" rating and a $130.00 price target on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $130.00 target price on shares of Zoom Communications in a research note on Wednesday, October 21st. Jefferies Financial Group decreased their target price on shares of Zoom Communications from $118.00 to $116.00 and set a "buy" rating on the stock in a report on Wednesday, August 26th. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $104.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, Zoom Communications presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.48.
View Our Latest Report on Zoom Communications
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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