Sherry Group Inc. lifted its position in Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 106.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,825 shares of the company’s stock after acquiring an additional 9,685 shares during the period. Zoom Communications makes up approximately 1.6% of Sherry Group Inc.’s holdings, making the stock its 19th biggest holding. Sherry Group Inc.’s holdings in Zoom Communications were worth $1,666,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Prism Advisors Inc. acquired a new position in shares of Zoom Communications in the 3rd quarter valued at approximately $219,000. Wedmont Private Capital lifted its stake in Zoom Communications by 6.8% in the third quarter. Wedmont Private Capital now owns 4,324 shares of the company’s stock valued at $409,000 after buying an additional 277 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Zoom Communications by 7.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 72,051 shares of the company’s stock valued at $6,540,000 after buying an additional 5,000 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in shares of Zoom Communications in the third quarter valued at approximately $1,870,000. Finally, Farther Finance Advisors LLC increased its holdings in Zoom Communications by 10.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,794 shares of the company’s stock worth $617,000 after purchasing an additional 663 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Zoom Communications news, CEO Eric Yuan sold 12,100 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $93.74, for a total transaction of $1,134,254.00. Following the transaction, the chief executive officer owned 22,998 shares of the company’s stock, valued at $2,155,832.52. The trade was a 34.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total value of $801,621.63. Following the completion of the sale, the director owned 127,060 shares in the company, valued at $12,874,989.80. This represents a 5.86% 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. Over the last 90 days, insiders sold 59,719 shares of company stock worth $5,754,795. Company insiders own 8.83% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on ZM
Zoom Communications Stock Performance
NASDAQ:ZM opened at $97.74 on Friday. Zoom Communications, Inc. has a 52-week low of $70.70 and a 52-week high of $114.74. The company has a market cap of $28.52 billion, a P/E ratio of 9.05, a P/E/G ratio of 4.37 and a beta of 1.03. The stock’s 50-day simple moving average is $97.72 and its 200 day simple moving average is $93.87.
Zoom Communications (NASDAQ:ZM – Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $1.53 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. 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. As a group, equities analysts predict that Zoom Communications, Inc. will post 4.27 earnings per share for the current fiscal year.
Zoom Communications Profile
Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.
The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.
Featured Articles
- Five stocks we like better than Zoom Communications
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for Zoom Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Communications and related companies with MarketBeat.com's FREE daily email newsletter.
