Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 2,475 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $84.15, for a total transaction of $208,271.25. Following the transaction, the director owned 150,169 shares of the company’s stock, valued at approximately $12,636,721.35. The trade was a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Santiago Subotovsky also recently made the following trade(s):

• On Monday, October 6th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50.
• On Friday, September 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The stock was sold at an average price of $83.40, for a total transaction of $206,415.00.
• On Tuesday, August 26th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $79.65, for a total transaction of $197,133.75.

Zoom Communications Trading Down 1.6%

Shares of Zoom Communications stock opened at $82.22 on Friday. The business has a 50-day moving average price of $83.00 and a two-hundred day moving average price of $79.15. 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 $24.88 billion, a P/E ratio of 21.69, a PEG ratio of 11.40 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Institutional Trading of Zoom Communications

Several institutional investors have recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in Zoom Communications in the 1st quarter worth about $25,000. SouthState Corp purchased a new stake in shares of Zoom Communications during the first quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC purchased a new position in Zoom Communications in the second quarter worth $27,000. REAP Financial Group LLC grew its stake in Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new position in Zoom Communications in the 1st quarter valued at $31,000. Institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZM shares. Robert W. Baird decreased their price target on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Rosenblatt Securities restated a “buy” rating and issued a $110.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Benchmark boosted their target price on Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Wall Street Zen upgraded Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 28th. Finally, Piper Sandler restated a “neutral” rating and set a $85.00 price objective on shares of Zoom Communications in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average 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.