Zoom Communications, Inc. $ZM Shares Sold by California State Teachers Retirement System

Posted by Stanley Muller on Aug 1st, 2026

California State Teachers Retirement System cut its stake in Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,947 shares of the company’s stock after selling 8,632 shares during the period. California State Teachers Retirement System’s holdings in Zoom Communications were worth $29,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after purchasing an additional 1,029,623 shares during the period. AQR Capital Management LLC raised its holdings in shares of Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares during the period. State Street Corp raised its holdings in shares of Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares during the period. Norges Bank bought a new position in shares of Zoom Communications in the 4th quarter worth about $509,788,000. Finally, Geode Capital Management LLC lifted its position in shares of Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after buying an additional 152,862 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $106.60, for a total value of $1,289,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the sale, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. The trade was a 19.32% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 45,874 shares of company stock worth $4,789,950. Insiders own 8.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. BTIG Research increased their price objective on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Benchmark raised their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Mizuho lifted their target price on Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Wells Fargo & Company upped their target price on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Check Out Our Latest Research Report on ZM

Zoom Communications Stock Performance

Shares of ZM opened at $96.07 on Friday. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $114.74. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 4.95 and a beta of 1.01. The firm has a fifty day moving average of $92.61 and a 200-day moving average of $89.22.

Zoom Communications (NASDAQ:ZM – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’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. Analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Zoom Communications Profile

(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.