denkapparat Operations GmbH lowered its holdings in Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 47.4% in the second quarter, Holdings Channel.com reports. The firm owned 6,644 shares of the company’s stock after selling 5,994 shares during the period. denkapparat Operations GmbH’s holdings in Zoom Communications were worth $573,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ZM. TD Waterhouse Canada Inc. boosted its position in shares of Zoom Communications by 12,224.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,054 shares of the company’s stock worth $3,614,000 after purchasing an additional 39,729 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Zoom Communications during the second quarter worth about $200,000. AXQ Capital LP acquired a new position in Zoom Communications in the second quarter valued at $1,781,000. Continuum Advisory LLC acquired a new stake in Zoom Communications in the 2nd quarter valued at $3,921,000. Finally, Nykredit A S purchased a new position in shares of Zoom Communications in the 2nd quarter worth approximately $6,647,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Zoom Communications
In other news, CEO Eric Yuan sold 12,100 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $95.34, for a total value of $1,153,614.00. Following the sale, the chief executive officer directly owned 22,998 shares in the company, valued at $2,192,629.32. The trade was a 34.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total value of $703,095.12. Following the sale, the insider owned 148,403 shares in the company, valued at $13,650,107.94. The trade was a 4.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 50,881 shares of company stock valued at $4,878,914. Corporate insiders own 8.83% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Zoom Communications
Zoom Communications Price Performance
Shares of ZM stock opened at $101.33 on Friday. The business has a 50-day moving average of $95.88 and a 200 day moving average of $91.58. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74. The stock has a market capitalization of $29.71 billion, a PE ratio of 9.38, a P/E/G ratio of 4.54 and a beta of 1.04.
Zoom Communications (NASDAQ:ZM – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $1.53 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Analysts anticipate that Zoom Communications, Inc. will post 4.26 EPS for the current year.
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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