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

Zoom Communications, Inc. (NASDAQ:ZMGet Free Report) CEO Eric Yuan sold 12,100 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the sale, the chief executive officer owned 22,998 shares in the company, valued at approximately $2,303,709.66. This trade represents a 34.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Up 3.2%

Shares of NASDAQ:ZM traded up $3.20 during midday trading on Friday, reaching $104.50. The company’s stock had a trading volume of 3,359,306 shares, compared to its average volume of 4,213,534. The firm has a 50 day moving average of $92.53 and a 200-day moving average of $89.76. The firm has a market capitalization of $30.64 billion, a P/E ratio of 15.35, a PEG ratio of 5.40 and a beta of 1.00. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZMGet Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $1.43 EPS. Zoom Communications’s 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, research analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Zoom Communications

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after purchasing an additional 1,153 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Zoom Communications by 59.1% during the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after purchasing an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after purchasing an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Zoom Communications during the second quarter valued at $217,000. Finally, Invesco Ltd. boosted its position in shares of Zoom Communications by 7.0% during the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after buying an additional 47,749 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 23rd. Morgan Stanley raised their price objective on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Citigroup lifted their price objective on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Piper Sandler increased their target price on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.33.

Get 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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