Zoom Communications, Inc. $ZM Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 77.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,382 shares of the company’s stock after selling 21,901 shares during the quarter. Strs Ohio’s holdings in Zoom Communications were worth $551,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ZM. NewEdge Advisors LLC grew its holdings in Zoom Communications by 16.8% during the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after acquiring an additional 1,153 shares during the period. Intech Investment Management LLC grew its holdings in Zoom Communications by 59.1% during the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after acquiring an additional 6,235 shares during the period. Geneos Wealth Management Inc. grew its holdings in Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after acquiring an additional 397 shares during the period. Sivia Capital Partners LLC acquired a new position in Zoom Communications during the second quarter worth about $217,000. Finally, Invesco Ltd. grew its holdings in Zoom Communications by 7.0% during the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after acquiring an additional 47,749 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Trading Up 0.8%

Shares of NASDAQ ZM opened at $109.21 on Friday. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $109.50. The firm has a market capitalization of $32.18 billion, a PE ratio of 17.61, a PEG ratio of 6.25 and a beta of 1.00. The business has a 50-day moving average price of $83.24 and a two-hundred day moving average price of $85.37.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Research analysts anticipate that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZM. Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Thursday, February 5th. KeyCorp lifted their target price on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a report on Friday, March 13th. Zacks Research lowered Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, Benchmark decreased their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.32.

Insider Activity at Zoom Communications

In related news, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the transaction, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. This trade represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the completion of the transaction, the chief financial officer directly owned 30,467 shares in the company, valued at $2,477,576.44. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 144,329 shares of company stock worth $12,364,989. 11.51% of the stock is currently owned by corporate insiders.

Zoom Communications 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.