Talon Private Wealth LLC Takes Position in Zoom Communications, Inc. $ZM

Talon Private Wealth LLC acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,979 shares of the company’s stock, valued at approximately $641,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares during the period. AQR Capital Management LLC increased its holdings in shares of Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares during the period. State Street Corp increased its holdings in shares of Zoom Communications by 5.0% in the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares during the period. Norges Bank purchased a new stake in shares of Zoom Communications in the fourth quarter worth $509,788,000. Finally, Geode Capital Management LLC raised 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 worth $445,254,000 after buying an additional 152,862 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $92.41 on Thursday. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The firm’s 50 day simple moving average is $92.89 and its two-hundred day simple moving average is $89.12. The stock has a market capitalization of $27.10 billion, a P/E ratio of 13.57, a PEG ratio of 4.90 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’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. As a group, equities analysts expect that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total value of $237,725.55. Following the completion of the transaction, the director owned 138,554 shares in the company, valued at approximately $12,490,643.10. This represents a 1.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 48,517 shares of company stock valued at $5,061,783 over the last three months. Insiders own 8.83% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Citigroup raised their price target on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Robert W. Baird lifted their price target on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Wells Fargo & Company boosted their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zoom Communications has a consensus rating of “Moderate Buy” and an average 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.