767,965 Shares in Zoom Communications, Inc. $ZM Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 767,965 shares of the company’s stock, valued at approximately $63,357,000. Zoom Communications accounts for approximately 1.1% of Wedge Capital Management L L P NC’s portfolio, making the stock its 24th largest position. Wedge Capital Management L L P NC owned 0.25% of Zoom Communications at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Wynn Capital LLC increased its position in shares of Zoom Communications by 1.3% in the third quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock worth $860,000 after purchasing an additional 130 shares during the period. Wedmont Private Capital grew its stake in Zoom Communications by 4.1% during the second quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock worth $271,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Zoom Communications by 6.7% during the first quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock worth $172,000 after buying an additional 143 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Zoom Communications by 12.6% in the 2nd quarter. Penserra Capital Management LLC now owns 1,446 shares of the company’s stock valued at $111,000 after buying an additional 162 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Zoom Communications by 44.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock valued at $43,000 after buying an additional 171 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ZM. Stifel Nicolaus increased their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, September 18th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Citigroup lifted their price target on Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Sanford C. Bernstein restated a “market perform” rating and set a $90.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Twelve research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $93.00.

Zoom Communications Stock Performance

Shares of ZM opened at $89.82 on Friday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $91.43. The stock has a market capitalization of $26.60 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 8.07 and a beta of 0.81. The stock has a fifty day moving average of $84.23 and a 200-day moving average of $80.41.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. As a group, equities analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 73,383 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $82.65, for a total value of $6,065,104.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. The trade was a 84.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 462,751 shares of company stock worth $38,730,439. 11.51% of the stock is owned by corporate insiders.

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.