Eric Yuan Sells 12,100 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZMGet Free Report) CEO Eric Yuan sold 12,100 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Performance

Shares of ZM opened at $101.62 on Friday. The business’s 50-day moving average is $94.38 and its two-hundred day moving average is $88.16. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The company has a market capitalization of $29.80 billion, a P/E ratio of 14.92, a P/E/G ratio of 6.02 and a beta of 1.01.

Zoom Communications (NASDAQ:ZMGet Free Report) last posted its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Analysts forecast that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Institutional Trading of Zoom Communications

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of 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 worth $19,697,000 after buying an additional 22,704 shares during the last quarter. Strive Asset Management LLC acquired a new stake in shares of Zoom Communications during the 3rd quarter worth approximately $1,238,000. LSV Asset Management increased its holdings in shares of Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after buying an additional 50,579 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of Zoom Communications during the 3rd quarter worth approximately $1,963,000. Finally, Sherry Group Inc. acquired a new stake in shares of Zoom Communications during the 4th quarter worth approximately $894,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZM shares. Jefferies Financial Group increased their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Needham & Company LLC increased their target price on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Rosenblatt Securities increased their target price on shares of Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Benchmark increased their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Read Our Latest Research Report on ZM

About Zoom Communications

(Get Free Report)

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.

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