Voya Investment Management LLC Sells 13,341 Shares of Zoom Communications, Inc. $ZM

Voya Investment Management LLC reduced its position in Zoom Communications, Inc. (NASDAQ:ZM) by 26.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 37,016 shares of the company’s stock after selling 13,341 shares during the period. Voya Investment Management LLC’s holdings in Zoom Communications were worth $3,054,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ZM. Elevation Point Wealth Partners LLC acquired a new stake in Zoom Communications in the second quarter worth about $27,000. REAP Financial Group LLC lifted its position in Zoom Communications by 181.7% during 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. GKV Capital Management Co. Inc. bought a new position in shares of Zoom Communications in the 1st quarter valued at about $31,000. FNY Investment Advisers LLC acquired a new stake in shares of Zoom Communications during the 2nd quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Zoom Communications by 44.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Dbs Bank raised shares of Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Jefferies Financial Group increased their price target on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Stifel Nicolaus lifted their price objective on Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $93.00.

Zoom Communications Stock Up 0.3%

ZM opened at $88.04 on Friday. The stock has a market cap of $26.07 billion, a P/E ratio of 17.13, a P/E/G ratio of 7.91 and a beta of 0.81. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $91.43. The company has a fifty day simple moving average of $85.08 and a 200 day simple moving average of $80.67.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. 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. On average, equities research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Eric S. Yuan sold 73,383 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $82.65, for a total transaction of $6,065,104.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 20,539 shares in the company, valued at $1,684,198. This trade represents a 62.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 462,751 shares of company stock worth $38,730,439. Company insiders own 11.51% of the company’s stock.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.