Illinois Municipal Retirement Fund Sells 16,611 Shares of Zoom Communications, Inc. $ZM

Illinois Municipal Retirement Fund cut its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 274,968 shares of the company’s stock after selling 16,611 shares during the period. Illinois Municipal Retirement Fund’s holdings in Zoom Communications were worth $22,685,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZM. Elevation Point Wealth Partners LLC bought a new position in shares of Zoom Communications during the second quarter valued at about $27,000. FNY Investment Advisers LLC bought a new stake in Zoom Communications in the 2nd quarter worth about $31,000. Root Financial Partners LLC purchased a new stake in Zoom Communications in the 3rd quarter valued at about $33,000. Quent Capital LLC bought a new position in shares of Zoom Communications during the 3rd quarter worth approximately $34,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Zoom Communications in the 3rd quarter worth approximately $42,000. Institutional investors own 66.54% of the company’s stock.

Insider Activity

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,568 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michelle Chang sold 8,417 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at $2,205,212.28. The trade was a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 256,467 shares of company stock worth $21,821,945. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $92.15 on Thursday. The business’s fifty day moving average is $87.91 and its 200 day moving average is $83.25. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The firm has a market cap of $27.29 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 8.51 and a beta of 0.90.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. Zoom Communications’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 earnings per share. 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. Equities analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ZM. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Piper Sandler upped their price objective on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Jefferies Financial Group lifted their price objective on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.74.

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.