Traub Capital Management LLC Makes New Investment in Zoom Communications, Inc. $ZM

Traub Capital Management LLC bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,170 shares of the company’s stock, valued at approximately $169,000.

Several other institutional investors have also added to or reduced their stakes in ZM. Wedmont Private Capital increased its position in Zoom Communications by 4.1% during the 2nd quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock worth $271,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC increased its position in Zoom Communications by 6.7% during the first quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock worth $172,000 after acquiring an additional 143 shares during the period. Penserra Capital Management LLC raised its stake in Zoom Communications by 12.6% in the 2nd quarter. Penserra Capital Management LLC now owns 1,446 shares of the company’s stock worth $111,000 after purchasing an additional 162 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Zoom Communications by 44.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after purchasing an additional 171 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Zoom Communications by 0.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,353 shares of the company’s stock valued at $2,165,000 after purchasing an additional 206 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Stock Performance

ZM stock opened at $80.71 on Thursday. The company has a market capitalization of $24.42 billion, a P/E ratio of 21.30, a PEG ratio of 11.09 and a beta of 0.79. The company has a fifty day moving average price of $82.94 and a 200-day moving average price of $79.66. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80.

Zoom Communications (NASDAQ:ZM) last announced its 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). The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. As a group, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZM has been the subject of several recent research reports. Robert W. Baird cut their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Wall Street Zen cut shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Zoom Communications in a report on Monday. KeyCorp decreased their price objective on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research note on Friday, August 22nd. Finally, Morgan Stanley began coverage on shares of Zoom Communications in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.35.

Insider Buying and Selling

In other Zoom Communications news, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $2,784,392.00. Following the completion of the sale, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Aparna Bawa sold 10,528 shares of the firm’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 transaction of $839,818.56. Following the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $157,785.06. This trade represents a 84.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 394,848 shares of company stock worth $32,754,712 over the last three months. Insiders own 11.51% of the company’s stock.

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.