Evolve Private Wealth LLC Trims Holdings in Zoom Communications, Inc. $ZM

Evolve Private Wealth LLC lessened its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 45.6% in the first quarter, Holdings Channel reports. The institutional investor owned 11,709 shares of the company’s stock after selling 9,798 shares during the quarter. Evolve Private Wealth LLC’s holdings in Zoom Communications were worth $941,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ZM. Kestra Advisory Services LLC boosted its stake in Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after acquiring an additional 116 shares during the last quarter. New York State Teachers Retirement System raised its stake 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 in the last quarter. Root Financial Partners LLC lifted its position in shares of Zoom Communications by 33.5% during 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 during the last quarter. MAI Capital Management lifted its position in shares of Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares during the last quarter. Finally, Prudential PLC grew its stake in Zoom Communications by 5.7% in the fourth quarter. Prudential PLC now owns 3,040 shares of the company’s stock worth $262,000 after purchasing an additional 164 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler boosted their price objective on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. BTIG Research increased their target price on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. KeyCorp upgraded Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Jefferies Financial Group boosted their price target on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Citigroup upped their price target on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 69,923 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $81.22, for a total value of $5,679,146.06. Following the sale, the chief executive officer directly owned 36,796 shares in the company, valued at approximately $2,988,571.12. This trade represents a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $106.58, for a total transaction of $562,102.92. Following the transaction, the director directly owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. This trade represents a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 156,638 shares of company stock worth $13,900,194. 8.83% of the stock is owned by company insiders.

Zoom Communications Stock Up 2.5%

ZM opened at $86.44 on Wednesday. The company’s 50-day moving average price is $96.79 and its 200 day moving average price is $88.92. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The firm has a market cap of $25.35 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 4.68 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.Zoom Communications’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Research analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

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.