Mirae Asset Global Investments Co. Ltd. Purchases 41,589 Shares of Zoom Communications, Inc. $ZM

Mirae Asset Global Investments Co. Ltd. increased its position in Zoom Communications, Inc. (NASDAQ:ZM) by 371.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,782 shares of the company’s stock after purchasing an additional 41,589 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zoom Communications were worth $4,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Candriam S.C.A. grew its stake in shares of Zoom Communications by 49.4% in the second quarter. Candriam S.C.A. now owns 16,560 shares of the company’s stock worth $1,291,000 after acquiring an additional 5,477 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Zoom Communications during the 2nd quarter valued at about $1,248,000. Shelton Capital Management grew its position in Zoom Communications by 519.3% during the 2nd quarter. Shelton Capital Management now owns 215,500 shares of the company’s stock valued at $16,805,000 after purchasing an additional 180,700 shares during the last quarter. Brighton Jones LLC bought a new stake in Zoom Communications during the 2nd quarter valued at about $817,000. Finally, Norges Bank purchased a new position in Zoom Communications in the second quarter worth about $539,998,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,568 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40. Following the completion of the sale, the insider owned 136,182 shares of the company’s stock, valued at $11,786,552.10. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michelle Chang sold 8,417 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total value of $728,407.18. Following the completion of the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 244,367 shares of company stock worth $20,681,080. Insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZM. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. BTIG Research started coverage on Zoom Communications in a report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target on the stock. Finally, UBS Group started coverage on Zoom Communications in a research report on Monday, October 20th. They set a “neutral” rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.82.

Zoom Communications Price Performance

ZM stock opened at $92.10 on Monday. The company has a market cap of $27.27 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 8.27 and a beta of 0.90. The stock’s fifty day moving average price is $86.67 and its 200-day moving average price is $82.35. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $97.58.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. 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, analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

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.