Zoom Communications (NASDAQ:ZM) Director Herbert Raymond Mcmaster Sells 3,000 Shares of Company Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Herbert Raymond Mcmaster sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $94.71, for a total value of $284,130.00. Following the transaction, the director owned 8,479 shares of the company’s stock, valued at approximately $803,046.09. This represents a 26.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Performance

ZM stock traded up $0.22 on Tuesday, reaching $98.16. The company’s stock had a trading volume of 2,596,338 shares, compared to its average volume of 2,942,318. The business has a fifty day simple moving average of $97.63 and a two-hundred day simple moving average of $94.28. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The firm has a market cap of $28.64 billion, a PE ratio of 26.98, a PEG ratio of 4.52 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, research analysts anticipate that Zoom Communications, Inc. will post 4.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zoom Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC grew its position in shares of Zoom Communications by 1.6% in the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after buying an additional 119 shares during the period. Rexford Capital Inc. increased its stake in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after acquiring an additional 122 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. DGS Capital Management LLC lifted its position in Zoom Communications by 6.1% during the 1st quarter. DGS Capital Management LLC now owns 4,120 shares of the company’s stock valued at $331,000 after acquiring an additional 236 shares during the period. Finally, Compound Planning Inc. lifted its position in Zoom Communications by 3.1% during the 1st quarter. Compound Planning Inc. now owns 8,188 shares of the company’s stock valued at $658,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Wednesday, August 26th. Jefferies Financial Group decreased their price target on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Wednesday, August 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Zoom Communications in a research report on Monday, August 24th. Finally, UBS Group lifted their price objective on Zoom Communications from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Fourteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus target price of $113.62.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.