L2 Asset Management LLC Buys 26,241 Shares of Zoom Communications, Inc. $ZM

L2 Asset Management LLC lifted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 109.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,167 shares of the company’s stock after acquiring an additional 26,241 shares during the period. L2 Asset Management LLC’s holdings in Zoom Communications were worth $3,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SouthState Corp acquired a new stake in shares of Zoom Communications in the 1st quarter valued at about $25,000. Elevation Point Wealth Partners LLC acquired a new position in Zoom Communications during the 2nd quarter worth approximately $27,000. REAP Financial Group LLC boosted its holdings in 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 acquiring an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Zoom Communications in the first quarter valued at approximately $31,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Zoom Communications during the second quarter valued at approximately $31,000. 66.54% of the stock is owned by institutional investors.

Insider Transactions at Zoom Communications

In other news, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer directly owned 20,539 shares of the company’s stock, valued at $1,684,198. This trade represents a 62.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $84.15, for a total transaction of $208,271.25. Following the completion of the transaction, the director directly owned 150,169 shares in the company, valued at $12,636,721.35. This trade represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 386,898 shares of company stock worth $32,105,164. Company insiders own 10.78% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $87.65 on Monday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $91.04. The firm has a 50-day moving average price of $82.77 and a two-hundred day moving average price of $79.81. The firm has a market cap of $25.95 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 7.94 and a beta of 0.81.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.Zoom Communications’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. As a group, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZM. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Citigroup lifted their price target on Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Finally, Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective on shares of Zoom Communications in a research note on Friday, August 22nd. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $92.43.

Zoom Communications 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.