Callan Family Office LLC Purchases New Shares in Zoom Communications, Inc. $ZM

Callan Family Office LLC bought a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the second quarter, HoldingsChannel reports. The firm bought 3,548 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently modified their holdings of the business. REAP Financial Group LLC boosted its holdings in shares of Zoom Communications by 181.7% during the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after buying an additional 229 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Zoom Communications by 34.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 436,300 shares of the company’s stock valued at $34,023,000 after buying an additional 111,300 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Zoom Communications during the 2nd quarter valued at $9,156,000. Highland Capital Management LLC bought a new stake in shares of Zoom Communications during the 2nd quarter valued at $3,907,000. Finally, 111 Capital purchased a new position in shares of Zoom Communications in the 2nd quarter worth about $285,000. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.4%

NASDAQ ZM opened at $79.83 on Friday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The firm has a market capitalization of $24.15 billion, a P/E ratio of 21.06, a PEG ratio of 10.85 and a beta of 0.78. The company has a 50-day moving average price of $80.37 and a 200-day moving average price of $77.77.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.99 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $1.39 EPS. Zoom Communications’s revenue for the quarter 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. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Ratings Changes

ZM has been the subject of several recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Zoom Communications in a research report on Friday, August 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Thursday, September 18th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Zoom Communications in a research report on Friday, August 22nd. Robert W. Baird lowered their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Finally, Stifel Nicolaus lifted their price target on Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $91.74.

Insider Activity at Zoom Communications

In related news, insider Velchamy Sankarlingam sold 7,660 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the transaction, the insider directly owned 132,795 shares in the company, valued at approximately $10,889,190. The trade was a 5.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Herbert Raymond Mcmaster sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $83.00, for a total value of $166,000.00. Following the completion of the transaction, the director owned 7,901 shares of the company’s stock, valued at $655,783. The trade was a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,328 shares of company stock worth $7,170,074 in the last quarter. 11.51% of the stock is currently owned by insiders.

About Zoom Communications

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.