Lansforsakringar Fondforvaltning AB publ lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,139 shares of the company’s stock after selling 7,010 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Zoom Communications were worth $6,603,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Advocate Investing Services LLC bought a new stake in Zoom Communications during the fourth quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new position in Zoom Communications in the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications in the 4th quarter worth $28,000. Sound Income Strategies LLC increased its holdings in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.
Zoom Communications Stock Performance
Shares of Zoom Communications stock opened at $87.14 on Friday. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 4.98 and a beta of 1.01. The company has a fifty day moving average of $96.67 and a 200-day moving average of $88.82.
Insider Activity
In other news, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the completion of the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. The trade was a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the sale, the insider owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 156,638 shares of company stock valued at $13,900,194. Company insiders own 8.83% of the company’s stock.
Key Stories Impacting Zoom Communications
Here are the key news stories impacting Zoom Communications this week:
- Positive Sentiment: Needham & Company reaffirmed its Buy rating on Zoom and raised its price target to $130, implying meaningful upside from current levels. Benzinga article
- Positive Sentiment: Zoom announced a definitive agreement to acquire Common Room, an AI-native GTM intelligence platform. The deal is aimed at strengthening Zoom’s AI revenue platform by combining buyer-intelligence data, enrichment, and AI agents, which could improve Zoom’s long-term growth story. GlobeNewswire article
- Positive Sentiment: Recent coverage has highlighted Zoom’s expanding AI and customer-experience initiatives, including new Virtual Agent tools and partner integrations, which support the thesis that Zoom is building a more durable platform around automation and regulated workflows. Yahoo Finance article
- Neutral Sentiment: Several articles discussed Zoom as a possible value stock, noting that the shares have fallen sharply over the past five years and may still trade below estimated intrinsic value. This is supportive for investors looking for discounted valuation, but it is not an immediate catalyst.
- Negative Sentiment: One market commentary included Zoom in a discussion of mid-cap stocks that investors should be cautious about, reflecting lingering skepticism around competition and execution risk. Yahoo Finance article
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Zoom Communications in a report on Tuesday. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Mizuho raised their price target on Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, HSBC upped their price objective on Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.
View Our Latest Stock Report on ZM
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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