Sivia Capital Partners LLC lifted its stake in Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 107.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,947 shares of the company’s stock after buying an additional 6,712 shares during the period. Sivia Capital Partners LLC’s holdings in Zoom Communications were worth $1,117,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Toth Financial Advisory Corp acquired a new position in Zoom Communications in the fourth quarter worth about $28,000. Sound Income Strategies LLC raised its position in Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Activest Wealth Management raised its position in Zoom Communications by 4,318.2% in the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. Root Financial Partners LLC raised its position in Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. Finally, MAI Capital Management raised its position in Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.
Zoom Communications Trading Down 5.1%
NASDAQ ZM opened at $106.20 on Thursday. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 6.40 and a beta of 1.01. The company has a 50 day moving average of $93.33 and a 200-day moving average of $87.92. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74.
Insider Buying and Selling at Zoom Communications
In other news, CEO Eric S. Yuan sold 69,923 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares of the company’s stock, valued at $2,988,571.12. This represents a 65.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at $173,312.36. This trade represents a 86.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 147,128 shares of company stock valued at $12,752,354 over the last ninety days. Company insiders own 11.51% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ZM. Mizuho increased 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. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research raised shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, February 5th. Wells Fargo & Company raised their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.33.
Read Our Latest Stock Analysis on ZM
Trending Headlines about Zoom Communications
Here are the key news stories impacting Zoom Communications this week:
- Positive Sentiment: Zoom recently gained attention after launching ZoomMate, which helped push the stock higher earlier in the week and reinforced investor interest in new AI-related product features. 2 Reasons Why Zoom Stock Popped 10%
- Neutral Sentiment: Zoom also presented at the William Blair Growth Stock Conference, which keeps management visible to investors but does not appear to have produced a major new catalyst on its own. Zoom Communications, Inc. (ZM) Presents at 46th Annual William Blair Growth Stock Conference Transcript
- Neutral Sentiment: A recent article questioned the quality of Zoom’s earnings despite solid results, suggesting investors may be looking for stronger long-term growth confirmation before bidding the stock higher. There May Be Underlying Issues With The Quality Of Zoom Communications’ (NASDAQ:ZM) Earnings
- Neutral Sentiment: Director Santiago Subotovsky sold 5,274 shares in a pre-arranged Rule 10b5-1 transaction, a disclosure that can add to short-term caution even though it does not necessarily signal a change in fundamentals. SEC Form 4
- Negative Sentiment: Broader software-stock selling is weighing on Zoom, with the recent decline appearing tied more to sector profit-taking than to a company-specific operational problem. Zoom, monday.com, and SentinelOne Shares Are Falling, What You Need To Know
Zoom Communications Company Profile
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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