Brighton Jones LLC Makes New Investment in Zoom Communications, Inc. $ZM

Brighton Jones LLC bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,481 shares of the company’s stock, valued at approximately $817,000.

A number of other large investors have also added to or reduced their stakes in ZM. Wayfinding Financial LLC bought a new stake in Zoom Communications in the 1st quarter worth approximately $25,000. SouthState Corp bought a new stake in Zoom Communications in the 1st quarter worth approximately $25,000. REAP Financial Group LLC grew its position in Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after purchasing an additional 229 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Zoom Communications in the 1st quarter worth approximately $31,000. Finally, FNY Investment Advisers LLC bought a new stake in Zoom Communications in the 2nd quarter worth approximately $31,000. Institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research report on Thursday, September 18th. UBS Group assumed coverage on shares of Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Zoom Communications in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 price objective for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Finally, Robert W. Baird cut their price objective on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zoom Communications currently has a consensus rating of “Hold” and a consensus price target of $91.74.

Insider Activity at Zoom Communications

In related news, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the transaction, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the transaction, the director owned 152,644 shares in the company, valued at approximately $12,330,582.32. This trade represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 245,617 shares of company stock worth $20,154,365 in the last 90 days. Company insiders own 10.78% of the company’s stock.

Zoom Communications Price Performance

Shares of ZM stock opened at $84.89 on Wednesday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80. The firm has a fifty day moving average price of $82.18 and a 200-day moving average price of $78.58. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 11.62 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $1.39 EPS. The firm’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. Equities research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Zoom Communications 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.