Optas LLC Raises Stock Holdings in Zoom Communications, Inc. $ZM

Optas LLC raised its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 348.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,013 shares of the company’s stock after buying an additional 8,559 shares during the period. Optas LLC’s holdings in Zoom Communications were worth $950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZM. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock valued at $19,697,000 after acquiring an additional 22,704 shares during the last quarter. Strive Asset Management LLC acquired a new stake in shares of Zoom Communications in the 3rd quarter valued at about $1,238,000. LSV Asset Management lifted its position in shares of Zoom Communications by 5.0% during the third quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after purchasing an additional 50,579 shares during the last quarter. Krilogy Financial LLC acquired a new position in Zoom Communications in the third quarter worth about $1,963,000. Finally, Boston Common Asset Management LLC acquired a new position in Zoom Communications in the fourth quarter worth about $2,163,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Eric S. Yuan sold 15,273 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $82.23, for a total value of $1,255,898.79. Following the completion of the transaction, the chief executive officer owned 36,796 shares of the company’s stock, valued at approximately $3,025,735.08. This trade represents a 29.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the completion of the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at $2,477,576.44. The trade was a 21.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 126,001 shares of company stock worth $10,461,258 in the last quarter. 10.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZM. Benchmark cut their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. BTIG Research dropped their price target on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a report on Thursday, February 26th. Finally, Sanford C. Bernstein lowered their target price on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and an average target price of $95.32.

Zoom Communications Stock Up 2.9%

Shares of ZM opened at $90.56 on Tuesday. The firm has a market capitalization of $26.69 billion, a PE ratio of 14.61, a P/E/G ratio of 5.04 and a beta of 0.88. The firm has a 50-day moving average price of $81.97 and a 200 day moving average price of $84.10. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities analysts expect that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Zoom Communications Profile

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.