Donoghue Forlines LLC Makes New $2.70 Million Investment in Zoom Communications, Inc. $ZM

Donoghue Forlines LLC bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 34,578 shares of the company’s stock, valued at approximately $2,696,000.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in Zoom Communications in the 2nd quarter worth approximately $817,000. Circle Wealth Management LLC boosted its stake in shares of Zoom Communications by 201.6% during the first quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock valued at $1,504,000 after purchasing an additional 13,629 shares during the period. Nordea Investment Management AB grew its holdings in shares of Zoom Communications by 2.4% in the second quarter. Nordea Investment Management AB now owns 864,519 shares of the company’s stock worth $67,147,000 after purchasing an additional 20,642 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Zoom Communications in the first quarter worth $308,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Zoom Communications during the 2nd quarter valued at $202,000. 66.54% of the stock is owned by institutional investors.

Insider Buying and Selling 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 sale, the director owned 152,644 shares in the company, valued at approximately $12,330,582.32. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michelle Chang sold 33,956 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the completion of the transaction, the chief financial officer owned 20,539 shares of the company’s stock, valued at approximately $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 321,470 shares of company stock valued at $26,684,150. Company insiders own 11.51% of the company’s stock.

Analyst Ratings Changes

ZM has been the topic of a number of analyst reports. Benchmark boosted their price objective on shares of Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Citigroup upped their price target on Zoom Communications from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Finally, Morgan Stanley assumed coverage on Zoom Communications in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $91.96.

Zoom Communications Stock Performance

ZM stock opened at $84.04 on Friday. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 11.56 and a beta of 0.79. The business’s 50 day moving average price is $83.14 and its two-hundred day moving average price is $79.51.

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

Zoom Communications Company Profile

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.