Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 33,692 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 33,692 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $79.76, for a total transaction of $2,687,273.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $79.51 on Thursday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80. The company’s 50-day moving average is $80.21 and its 200 day moving average is $77.73. The stock has a market capitalization of $24.06 billion, a P/E ratio of 20.98, a P/E/G ratio of 10.82 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. Zoom Communications’s quarterly revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Zoom Communications by 0.6% during the second quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock valued at $1,945,713,000 after purchasing an additional 154,783 shares during the period. State Street Corp increased its stake in shares of Zoom Communications by 6.0% in the second quarter. State Street Corp now owns 7,189,501 shares of the company’s stock worth $560,637,000 after purchasing an additional 410,051 shares in the last quarter. Norges Bank bought a new position in shares of Zoom Communications during the second quarter worth $539,998,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Zoom Communications by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock worth $473,732,000 after acquiring an additional 36,210 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Zoom Communications by 0.5% during the second quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock worth $373,504,000 after acquiring an additional 23,910 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. Benchmark boosted their price target on shares of Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a research note on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Zoom Communications in a research note on Tuesday. Finally, Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $91.74.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.