Eric Yuan Sells 12,100 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $95.34, for a total value of $1,153,614.00. Following the transaction, the chief executive officer directly owned 22,998 shares in the company, valued at approximately $2,192,629.32. The trade was a 34.47% decrease in their ownership of the stock. 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.

Zoom Communications Trading Up 3.3%

Shares of NASDAQ ZM opened at $101.33 on Friday. Zoom Communications, Inc. has a twelve month low of $70.70 and a twelve month high of $114.74. The company has a market capitalization of $29.71 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 4.54 and a beta of 1.04. The firm has a 50-day moving average of $95.88 and a two-hundred day moving average of $91.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s revenue 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, research analysts predict that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ZM shares. BTIG Research reiterated a “buy” rating and set a $125.00 price objective on shares of Zoom Communications in a research report on Monday, August 24th. Jefferies Financial Group decreased their target price on Zoom Communications from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, August 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Mizuho increased their price target on Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.55.

Institutional Trading of Zoom Communications

Several hedge funds and other institutional investors have recently modified their holdings of ZM. Kestra Advisory Services LLC lifted its stake in Zoom Communications by 2.0% in the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after acquiring an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC grew its stake in Zoom Communications by 1.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock valued at $592,000 after acquiring an additional 119 shares in the last quarter. Rexford Capital Inc. increased its holdings in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Zoom Communications by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after purchasing an additional 123 shares during the period. Finally, Root Financial Partners LLC lifted its position in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.