Zoom Communications, Inc. (NASDAQ:ZM – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors bought 32,087 call options on the stock. This is an increase of approximately 73% compared to the average daily volume of 18,585 call options.
Zoom Communications Trading Up 2.4%
Shares of ZM traded up $2.28 during midday trading on Monday, reaching $98.35. 1,737,265 shares of the company were exchanged, compared to its average volume of 4,237,990. Zoom Communications has a 1-year low of $69.15 and a 1-year high of $114.74. The stock has a 50-day moving average price of $92.61 and a 200-day moving average price of $89.24. The company has a market cap of $28.84 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 5.15 and a beta of 1.01.
Zoom Communications (NASDAQ:ZM – Get Free Report) last posted its 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. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. 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. Equities research analysts anticipate that Zoom Communications will post 4.21 earnings per share for the current year.
Analyst Ratings Changes
Get Our Latest Research Report on ZM
Insider Buying and Selling
In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total transaction of $1,350,481.00. The transaction 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. Also, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction 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 transaction, the chief financial officer owned 35,452 shares in the company, valued at approximately $3,219,041.60. This trade represents 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. Over the last quarter, insiders sold 28,500 shares of company stock valued at $2,937,987. Insiders own 8.83% of the company’s stock.
Hedge Funds Weigh In On Zoom Communications
Hedge funds have recently added to or reduced their stakes in the business. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications in the 4th quarter valued at about $26,000. Strive Financial Group LLC acquired a new stake in Zoom Communications during the fourth quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in Zoom Communications in the fourth quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Rexford Capital Inc. boosted its stake in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.
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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