Zoom Communications (NASDAQ:ZM) Director Sells $578,979.72 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the transaction, the director directly owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. This trade represents a 3.69% decrease in their ownership of the stock. The sale 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.

Santiago Subotovsky also recently made the following trade(s):

• On Monday, May 4th, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The shares were sold at an average price of $106.58, for a total value of $562,102.92.
• On Friday, May 1st, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The shares were sold at an average price of $102.85, for a total value of $271,832.55.
• On Thursday, April 16th, Santiago Subotovsky sold 2,388 shares of Zoom Communications stock. The shares were sold at an average price of $87.32, for a total value of $208,520.16.
• On Thursday, April 16th, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The shares were sold at an average price of $87.32, for a total value of $230,786.76.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $101.62 on Friday. The stock has a market cap of $29.80 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 6.02 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The stock has a fifty day moving average of $94.38 and a 200-day moving average of $88.16.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. 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, sell-side analysts predict that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Institutional Trading of Zoom Communications

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Zoom Communications by 10.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock worth $19,697,000 after purchasing an additional 22,704 shares in the last quarter. Strive Asset Management LLC bought a new stake in shares of Zoom Communications in the 3rd quarter worth approximately $1,238,000. LSV Asset Management boosted its position in shares of Zoom Communications by 5.0% in the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after purchasing an additional 50,579 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Zoom Communications in the 3rd quarter worth approximately $1,963,000. Finally, Sherry Group Inc. bought a new stake in shares of Zoom Communications in the 4th quarter worth approximately $894,000. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZM has been the topic of several analyst reports. KeyCorp upgraded Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. Robert W. Baird lifted their price objective on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Cantor Fitzgerald boosted 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. Sanford C. Bernstein reduced their price target on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Finally, Royal Bank Of Canada boosted their price target on Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a 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 MarketBeat.com, Zoom Communications 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.