Northwestern Mutual Wealth Management Co. Buys 10,447 Shares of Zoom Communications, Inc. $ZM

Northwestern Mutual Wealth Management Co. raised its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 173.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,485 shares of the company’s stock after purchasing an additional 10,447 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Zoom Communications were worth $1,422,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ZM. NewEdge Advisors LLC raised its stake in shares of Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after buying an additional 1,153 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Zoom Communications by 59.1% in the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after buying an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after buying an additional 397 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Zoom Communications in the 2nd quarter valued at $217,000. Finally, Invesco Ltd. raised its stake in shares of Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after buying an additional 47,749 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $101.62 on Monday. The stock has a market capitalization of $29.80 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 5.64 and a beta of 1.01. The company has a 50-day simple moving average of $94.38 and a 200 day simple moving average of $88.20. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, equities analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZM. Piper Sandler increased their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Mizuho increased their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Wells Fargo & Company increased their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, Cantor Fitzgerald increased their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Zoom Communications has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider owned 141,971 shares in the company, valued at $12,130,002.24. This trade represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the completion of the sale, the director owned 137,608 shares of the company’s stock, valued at $15,106,606.24. The trade was a 3.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 159,228 shares of company stock worth $14,102,835. Company insiders own 10.78% 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.