Retirement Systems of Alabama Sells 12,510 Shares of Zoom Communications, Inc. $ZM

Retirement Systems of Alabama cut its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704,563 shares of the company’s stock after selling 12,510 shares during the quarter. Retirement Systems of Alabama’s holdings in Zoom Communications were worth $54,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Zoom Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock worth $1,829,249,000 after purchasing an additional 624,863 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Zoom Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock worth $473,732,000 after purchasing an additional 36,210 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock worth $166,651,000 after purchasing an additional 830,393 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zoom Communications by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company’s stock worth $123,912,000 after purchasing an additional 16,819 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Zoom Communications by 119.5% in the first quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock worth $103,670,000 after purchasing an additional 765,092 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $157,785.06. This trade represents a 84.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction that occurred 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 transaction, the director owned 152,644 shares of the company’s stock, valued at $12,330,582.32. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 245,617 shares of company stock valued at $20,154,365. 11.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ZM has been the topic of several recent analyst reports. Wall Street Zen raised Zoom Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 28th. JMP Securities reissued a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Morgan Stanley started coverage on shares of Zoom Communications in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $110.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Finally, William Blair restated an “outperform” rating on shares of Zoom Communications in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $91.74.

Zoom Communications Stock Performance

ZM stock opened at $83.32 on Thursday. The firm has a 50 day moving average price of $82.40 and a 200-day moving average price of $78.66. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 11.58 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last released its 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Zoom Communications’s revenue for the quarter was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

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.