Zoom Communications (NASDAQ:ZM) Insider Velchamy Sankarlingam Sells 7,645 Shares

Zoom Communications, Inc. (NASDAQ:ZMGet Free Report) insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the transaction, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. This represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Velchamy Sankarlingam also recently made the following trade(s):

  • On Tuesday, March 10th, Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock. The stock was sold at an average price of $78.24, for a total transaction of $202,641.60.

Zoom Communications Stock Up 1.5%

NASDAQ:ZM opened at $88.02 on Friday. The company has a market cap of $25.94 billion, a P/E ratio of 14.20, a P/E/G ratio of 4.96 and a beta of 0.88. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $97.58. The firm’s 50 day moving average is $82.07 and its two-hundred day moving average is $84.01.

Zoom Communications (NASDAQ:ZMGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zoom Communications

Large investors have recently added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new stake in Zoom Communications during the 4th quarter valued at $26,000. Strive Financial Group LLC bought a new position in Zoom Communications during the 4th quarter valued at $27,000. Toth Financial Advisory Corp bought a new position in Zoom Communications during the 4th quarter valued at $28,000. Root Financial Partners LLC bought a new position in Zoom Communications during the 3rd quarter valued at $33,000. Finally, Sound Income Strategies LLC boosted its stake in Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications News Roundup

Here are the key news stories impacting Zoom Communications this week:

Wall Street Analysts Forecast Growth

ZM has been the subject of several recent research reports. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research report on Thursday, February 26th. BTIG Research dropped their price objective on shares of Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, KeyCorp increased their price objective on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zoom Communications presently has a consensus rating of “Hold” and a consensus price target of $95.32.

View Our Latest Analysis on Zoom Communications

Zoom Communications Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Zoom Communications (NASDAQ:ZM)

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