Caption Management LLC bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 69,435 shares of the company’s stock, valued at approximately $5,992,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in Zoom Communications during the 4th quarter worth approximately $26,000. Toth Financial Advisory Corp bought a new stake in Zoom Communications during the 4th quarter worth approximately $28,000. Sound Income Strategies LLC grew its holdings in Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in Zoom Communications by 4,318.2% during the 4th quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the last quarter. 66.54% of the stock is owned by institutional investors.
Insider Buying and Selling at Zoom Communications
In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider owned 141,971 shares in the company, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 156,638 shares of company stock worth $13,900,194. Company insiders own 8.83% of the company’s stock.
Zoom Communications Trading Down 5.1%
Zoom Communications (NASDAQ:ZM – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. 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. On average, equities analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Benchmark boosted their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Argus upgraded shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Finally, Wells Fargo & Company boosted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.33.
Read Our Latest Research Report on Zoom Communications
About Zoom Communications
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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