State of New Jersey Common Pension Fund D Cuts Stake in Zoom Communications, Inc. $ZM

State of New Jersey Common Pension Fund D reduced its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,264 shares of the company’s stock after selling 1,614 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Zoom Communications were worth $6,493,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ZM. Wayfinding Financial LLC purchased a new position in Zoom Communications during the first quarter worth approximately $25,000. SouthState Corp purchased a new position in shares of Zoom Communications in the 1st quarter worth $25,000. REAP Financial Group LLC raised its position in shares of Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after buying an additional 229 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Zoom Communications in the 1st quarter worth $31,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Zoom Communications in the 2nd quarter worth $31,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at approximately $157,785.06. The trade was a 84.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Velchamy Sankarlingam sold 7,660 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the sale, the insider directly owned 132,795 shares of the company’s stock, valued at $10,889,190. The trade was a 5.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 245,617 shares of company stock valued at $20,154,365. 10.78% of the stock is owned by insiders.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $84.28 on Monday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 11.50 and a beta of 0.78. The stock’s 50-day simple moving average is $81.69 and its 200-day simple moving average is $78.38.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Ratings Changes

ZM has been the topic of a number of research reports. Citigroup raised their price objective on Zoom Communications from $84.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. JMP Securities reissued a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, William Blair reissued an “outperform” rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zoom Communications has an average rating of “Hold” and an average target price of $91.74.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.