Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 2,637 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $89.56, for a total value of $236,169.72. Following the transaction, the director directly owned 113,875 shares of the company's stock, valued at $10,198,645. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Santiago Subotovsky also recently made the following trade(s):
- On Wednesday, October 28th, Santiago Subotovsky sold 1,442 shares of Zoom Communications stock. The shares were sold at an average price of $100.14, for a total transaction of $144,401.88.
- On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $69,283.71.
- On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The stock was 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 stock was 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 transaction of $247,192.38.
- On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $254,813.31.
Zoom Communications Trading Up 2.0%
Zoom Communications stock opened at $91.71 on Tuesday. The stock's 50 day moving average is $94.37 and its 200-day moving average is $92.18. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The company has a market capitalization of $26.76 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 4.10 and a beta of 1.02.
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 for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the business earned $1.53 EPS. The company's quarterly 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. As a group, equities research analysts predict that Zoom Communications, Inc. will post 4.24 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on ZM. Needham & Company LLC restated a "buy" rating and issued a $130.00 target price on shares of Zoom Communications in a research report on Thursday, October 22nd. Cantor Fitzgerald restated a "neutral" rating and set a $104.00 price target on shares of Zoom Communications in a report on Wednesday, October 21st. BTIG Research reaffirmed a "buy" rating and set a $125.00 target price on shares of Zoom Communications in a research report on Wednesday, October 21st. UBS Group dropped their price target on shares of Zoom Communications from $115.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 21st. Finally, Oppenheimer raised Zoom Communications from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, October 21st. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $114.48.
Check Out Our Latest Stock Analysis on Zoom Communications
Institutional Investors Weigh In On Zoom Communications
Several institutional investors have recently bought and sold shares of ZM. Pacer Advisors Inc. raised its holdings in shares of Zoom Communications by 10.8% in the first quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company's stock valued at $208,680,000 after purchasing an additional 253,181 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Zoom Communications by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,352,126 shares of the company's stock valued at $189,051,000 after buying an additional 94,043 shares during the period. Bank of America Corp DE lifted its holdings in Zoom Communications by 50.5% during the first quarter. Bank of America Corp DE now owns 1,767,728 shares of the company's stock valued at $142,108,000 after purchasing an additional 592,899 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Zoom Communications by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,411,745 shares of the company's stock worth $113,490,000 after buying an additional 434,981 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Zoom Communications by 2.8% in the first quarter. First Trust Advisors LP now owns 1,362,501 shares of the company's stock worth $109,531,000 after acquiring an additional 36,657 shares during the period. Institutional investors own 66.54% of the company's stock.
About Zoom Communications
(
Get Free Report)
Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration.
Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service.
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