Zoom Communications, Inc. (NASDAQ:ZM – Get Free Report) Director Herbert Raymond Mcmaster sold 3,000 shares of Zoom Communications stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $94.71, for a total value of $284,130.00. Following the transaction, the director owned 8,479 shares in the company, valued at $803,046.09. This represents a 26.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zoom Communications Trading Up 4.3%
NASDAQ:ZM opened at $98.51 on Friday. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 4.36 and a beta of 1.03. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74. The business’s fifty day moving average price is $97.45 and its 200 day moving average price is $94.53.
Zoom Communications (NASDAQ:ZM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business earned $1.53 EPS. The business’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. Equities analysts forecast that Zoom Communications, Inc. will post 4.27 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of ZM. Fortitude Family Office LLC lifted its holdings in shares of Zoom Communications by 27.2% during the 3rd quarter. Fortitude Family Office LLC now owns 533 shares of the company’s stock valued at $48,000 after buying an additional 114 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in shares of Zoom Communications by 1.6% in the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock valued at $592,000 after buying an additional 119 shares in the last quarter. Rexford Capital Inc. grew its stake in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after buying an additional 122 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased 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 buying an additional 200 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in Zoom Communications by 6.1% in the first quarter. DGS Capital Management LLC now owns 4,120 shares of the company’s stock worth $331,000 after buying an additional 236 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently commented on ZM shares. Morgan Stanley raised their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. KeyCorp reiterated a “sector weight” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Friday, August 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Wednesday, August 26th. Fourteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Zoom Communications currently has a consensus rating of “Moderate Buy” and an average price target of $113.62.
Get Our Latest Stock Analysis on Zoom Communications
Zoom Communications Company 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.
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