Zoom Communications, Inc. $ZM Stock: Illinois Municipal Retirement Fund Raises Holdings

Illinois Municipal Retirement Fund increased its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,970 shares of the company’s stock after buying an additional 5,940 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Zoom Communications worth $16,427,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in Zoom Communications by 133.3% in 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 in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in shares of Zoom Communications by 400.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock worth $43,000 after acquiring an additional 400 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Zoom Communications by 133.8% in the third quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock worth $43,000 after acquiring an additional 273 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of Zoom Communications in the third quarter worth about $43,000. Finally, Fortitude Family Office LLC lifted its position in shares of Zoom Communications by 27.2% during the third quarter. Fortitude Family Office LLC now owns 533 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 7.9%

Shares of NASDAQ ZM opened at $98.08 on Thursday. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74. The firm’s 50-day moving average is $94.32 and its 200-day moving average is $92.27. The firm has a market capitalization of $28.62 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 4.14 and a beta of 1.02.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. Zoom Communications’s revenue for the quarter was up 4.9% compared to the same quarter last year. 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, equities research analysts anticipate that Zoom Communications, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In other news, Director Santiago Subotovsky sold 3,812 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $100.56, for a total value of $383,334.72. Following the transaction, the director owned 117,974 shares of the company’s stock, valued at $11,863,465.44. This represents a 3.13% 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 Yuan sold 12,100 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $93.74, for a total value of $1,134,254.00. Following the completion of the transaction, the chief executive officer directly owned 22,998 shares in the company, valued at approximately $2,155,832.52. This trade represents a 34.47% 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. In the last quarter, insiders sold 83,582 shares of company stock valued at $8,054,735. 8.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZM. Oppenheimer raised shares of Zoom Communications from a “market perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Wednesday, October 21st. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Bank of America assumed coverage on Zoom Communications in a research note on Wednesday, August 19th. They issued a “buy” rating and a $130.00 target price for the company. UBS Group dropped their target price on Zoom Communications from $115.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Sixteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zoom Communications has an average rating of “Moderate Buy” and a consensus target price of $114.48.

Zoom Communications Profile

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration. Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service. The company, formerly known as Zoom Video Communications, adopted the name Zoom Communications in 2024 as it expanded its offerings beyond video meetings.