Swiss Life Asset Management Ltd Buys 31,752 Shares of Zoom Communications, Inc. $ZM

Swiss Life Asset Management Ltd raised its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 46.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,591 shares of the company’s stock after buying an additional 31,752 shares during the period. Swiss Life Asset Management Ltd’s holdings in Zoom Communications were worth $8,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ZM. Elevation Point Wealth Partners LLC acquired a new position in shares of Zoom Communications in the second quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in Zoom Communications in the third quarter valued at approximately $33,000. Quent Capital LLC acquired a new stake in Zoom Communications during the 3rd quarter valued at approximately $34,000. Cloud Capital Management LLC acquired a new stake in Zoom Communications during the 3rd quarter valued at approximately $42,000. Finally, MAI Capital Management raised its holdings in Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insiders Place Their Bets

In other Zoom Communications news, COO Aparna Bawa sold 12,137 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $160,949.86. This trade represents a 85.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 2,590 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $78.24, for a total value of $202,641.60. Following the sale, the insider owned 137,044 shares of the company’s stock, valued at approximately $10,722,322.56. This represents a 1.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 109,706 shares of company stock worth $9,299,555 over the last three months. Insiders own 11.51% of the company’s stock.

Zoom Communications Trading Down 0.2%

NASDAQ:ZM opened at $76.61 on Friday. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 4.39 and a beta of 0.93. The firm has a fifty day simple moving average of $84.43 and a two-hundred day simple moving average of $84.34.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. Zoom Communications’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Equities analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZM. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. KeyCorp lifted their target price on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Jefferies Financial Group upped their price target on shares of Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Finally, Piper Sandler increased their price target on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $95.32.

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.