Zoom Communications, Inc. $ZM Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,100 shares of the company’s stock after acquiring an additional 8,300 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.14% of Zoom Communications worth $35,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Zoom Communications by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after acquiring an additional 986,164 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after acquiring an additional 1,607,253 shares during the last quarter. State Street Corp lifted its holdings in shares of Zoom Communications by 0.4% in the 3rd quarter. State Street Corp now owns 7,219,148 shares of the company’s stock worth $595,580,000 after acquiring an additional 29,647 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Zoom Communications by 54.4% in the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after acquiring an additional 949,829 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zoom Communications by 46.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after acquiring an additional 836,594 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In related news, Director Santiago Subotovsky sold 2,643 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $87.32, for a total transaction of $230,786.76. Following the completion of the transaction, the director directly owned 150,799 shares of the company’s stock, valued at $13,167,768.68. The trade was a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $81.22, for a total value of $5,679,146.06. Following the transaction, the chief executive officer directly owned 36,796 shares of the company’s stock, valued at $2,988,571.12. The trade was a 65.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 138,887 shares of company stock worth $11,590,330 over the last three months. Company insiders own 11.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ZM. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Argus raised Zoom Communications to a “hold” rating in a research note on Monday, March 9th. Zacks Research cut Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. BTIG Research dropped their target price on Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research report on Friday, March 13th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zoom Communications currently has an average rating of “Hold” and a consensus target price of $95.32.

Zoom Communications Price Performance

NASDAQ ZM opened at $91.92 on Thursday. The company has a market cap of $27.09 billion, a P/E ratio of 14.83, a P/E/G ratio of 5.20 and a beta of 0.88. The stock has a 50-day moving average of $81.89 and a two-hundred day moving average of $84.22. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $97.58.

Zoom Communications (NASDAQ:ZM) last released its earnings results 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 firm had revenue of $1.25 billion during 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%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. 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. On average, analysts anticipate that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Zoom Communications Profile

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.