Michelle Chang Sells 8,489 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the sale, the chief financial officer directly owned 35,452 shares of the company’s stock, valued at approximately $3,219,041.60. The trade was a 19.32% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zoom Communications Trading Down 0.8%

Shares of ZM stock opened at $91.15 on Wednesday. The firm has a fifty day simple moving average of $95.67 and a two-hundred day simple moving average of $88.83. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The firm has a market capitalization of $26.73 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 5.07 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $1.43 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. 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 predict that Zoom Communications, Inc. will post 4.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its holdings in Zoom Communications by 15.6% during the 4th quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock valued at $182,315,000 after buying an additional 285,626 shares in the last quarter. Sherry Group Inc. bought a new stake in shares of Zoom Communications during the fourth quarter valued at about $894,000. Hsbc Holdings PLC lifted its holdings in shares of Zoom Communications by 43.6% in the fourth quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after buying an additional 128,174 shares in the last quarter. Boston Common Asset Management LLC purchased a new stake in shares of Zoom Communications in the fourth quarter worth about $2,163,000. Finally, Geode Capital Management LLC boosted its position in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after acquiring an additional 152,862 shares during the period. Institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZM. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a research note on Thursday, July 2nd. Wells Fargo & Company increased their price target on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Mizuho lifted their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of Zoom Communications in a report on Tuesday, June 30th. Finally, Jefferies Financial Group raised their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Company 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.