Empirical Asset Management LLC Boosts Holdings in Zoom Communications, Inc. $ZM

Empirical Asset Management LLC grew its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 26.8% during the second quarter, HoldingsChannel reports. The firm owned 7,992 shares of the company’s stock after buying an additional 1,688 shares during the period. Empirical Asset Management LLC’s holdings in Zoom Communications were worth $623,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Zoom Communications during the first quarter valued at approximately $25,000. SouthState Corp bought a new stake in shares of Zoom Communications in the first quarter worth $25,000. REAP Financial Group LLC increased its stake in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after buying an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Zoom Communications in the first quarter worth $31,000. Finally, Brooklyn Investment Group increased its stake in shares of Zoom Communications by 277.8% in the first quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock worth $33,000 after buying an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the completion of the transaction, the director owned 152,644 shares of the company’s stock, valued at approximately $12,330,582.32. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the sale, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,328 shares of company stock valued at $7,170,074. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

Shares of ZM opened at $79.83 on Friday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 10.85 and a beta of 0.78. The firm has a fifty day moving average of $80.37 and a 200-day moving average of $77.77.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted $1.39 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on ZM shares. Piper Sandler restated a “neutral” rating and issued a $85.00 price target on shares of Zoom Communications in a research note on Friday, August 22nd. JMP Securities restated a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Wall Street Zen upgraded shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 28th. Mizuho lifted their price target on shares of Zoom Communications from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.74.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.