Optas LLC decreased its position in Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 61.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,277 shares of the company’s stock after selling 6,736 shares during the period. Optas LLC’s holdings in Zoom Communications were worth $344,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new stake in shares of Zoom Communications during the 4th quarter worth approximately $26,000. Strive Financial Group LLC bought a new stake in shares of Zoom Communications in the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new position in Zoom Communications in the fourth quarter valued at approximately $28,000. Rexford Capital Inc. lifted its stake in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ZM. Citigroup raised their target price on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Benchmark upped their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group increased their price target on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Piper Sandler lifted their price objective on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Zoom Communications currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.
Insider Buying and Selling
In related news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their position. The sale 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, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the transaction, the insider owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. This represents a 5.11% 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 quarter, insiders sold 156,638 shares of company stock worth $13,900,194. Company insiders own 8.83% of the company’s stock.
Zoom Communications Stock Performance
Zoom Communications stock opened at $87.14 on Friday. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 4.81 and a beta of 1.01. The firm has a 50 day simple moving average of $96.58 and a 200 day simple moving average of $88.81.
Zoom Communications (NASDAQ:ZM – Get 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 return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts forecast that Zoom Communications, Inc. will post 4.08 EPS for the current year.
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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