Metis Global Partners LLC Trims Holdings in Zoom Communications, Inc. $ZM

Metis Global Partners LLC lowered its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 26.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,998 shares of the company’s stock after selling 1,432 shares during the period. Metis Global Partners LLC’s holdings in Zoom Communications were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZM. Brighton Jones LLC acquired a new position in Zoom Communications during the 2nd quarter worth about $817,000. Circle Wealth Management LLC grew its position in Zoom Communications by 201.6% in the 1st quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock valued at $1,504,000 after acquiring an additional 13,629 shares in the last quarter. Nordea Investment Management AB increased its stake in Zoom Communications by 2.4% during the second quarter. Nordea Investment Management AB now owns 864,519 shares of the company’s stock worth $67,147,000 after purchasing an additional 20,642 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of Zoom Communications during the first quarter worth about $308,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Zoom Communications in the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity

In related news, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. This represents a 84.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 20,539 shares in the company, valued at $1,684,198. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 321,470 shares of company stock valued at $26,684,150 over the last 90 days. Insiders own 11.51% of the company’s stock.

Zoom Communications Trading Down 0.8%

Shares of ZM stock opened at $84.04 on Friday. The company has a market cap of $25.43 billion, a P/E ratio of 22.17, a PEG ratio of 11.56 and a beta of 0.79. The firm has a fifty day moving average price of $83.14 and a 200 day moving average price of $79.51. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $92.80.

Zoom Communications (NASDAQ:ZM) last posted its quarterly 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). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, equities analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen raised Zoom Communications from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 28th. Rosenblatt Securities increased their price objective on Zoom Communications from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company initiated coverage on Zoom Communications in a research note on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 target price for the company. Finally, Stifel Nicolaus upped their price target on Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Zoom Communications currently has a consensus rating of “Hold” and a consensus target price of $91.96.

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.