Jackson Thornton Wealth Management LLC Sells 6,125 Shares of Zoom Communications, Inc. $ZM

Jackson Thornton Wealth Management LLC lowered its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 59.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,165 shares of the company’s stock after selling 6,125 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Zoom Communications were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Zoom Communications during the 4th quarter worth $509,788,000. AQR Capital Management LLC increased its stake in shares of Zoom Communications by 43.9% in the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after buying an additional 3,718,186 shares during the period. Two Sigma Investments LP bought a new stake in shares of Zoom Communications during the third quarter worth $86,709,000. Vanguard Group Inc. raised its position in shares of Zoom Communications by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after acquiring an additional 1,029,623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Zoom Communications by 46.2% during the third 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 own 66.54% of the company’s stock.

Zoom Communications Trading Up 2.0%

NASDAQ ZM opened at $87.40 on Thursday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The stock has a 50-day simple moving average of $96.28 and a 200 day simple moving average of $88.77. The company has a market capitalization of $25.63 billion, a PE ratio of 12.83, a P/E/G ratio of 4.73 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued 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 firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. 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. As a group, sell-side analysts predict that Zoom Communications, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Activity

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the company’s stock in a transaction that occurred on 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 directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. The trade was a 5.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 159,275 shares of company stock valued at $14,137,919. Insiders own 8.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Morgan Stanley boosted their price objective on Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Finally, BTIG Research lifted their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Zoom Communications currently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

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.