QRG Capital Management Inc. Purchases 6,280 Shares of Zoom Communications, Inc. $ZM

QRG Capital Management Inc. increased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 18.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,060 shares of the company’s stock after buying an additional 6,280 shares during the quarter. QRG Capital Management Inc.’s holdings in Zoom Communications were worth $3,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in shares of Zoom Communications in the fourth quarter worth about $26,000. Strive Financial Group LLC acquired a new stake in shares of Zoom Communications during the fourth quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the 4th quarter valued at about $28,000. Rexford Capital Inc. grew its position in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the period. Finally, Sound Income Strategies LLC grew its position in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at $173,312.36. This trade represents a 86.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the completion of the sale, the chief executive officer owned 36,796 shares of the company’s stock, valued at approximately $2,988,571.12. This represents a 65.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 159,275 shares of company stock valued at $14,137,919 in the last ninety days. 8.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on ZM. Robert W. Baird raised their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Piper Sandler increased their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Jefferies Financial Group increased their price objective on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. HSBC raised their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Cantor Fitzgerald upped their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Stock Performance

ZM traded up $1.49 on Tuesday, hitting $86.45. 428,416 shares of the company were exchanged, compared to its average volume of 4,388,667. The stock’s fifty day moving average is $96.58 and its 200-day moving average is $88.83. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The company has a market cap of $25.35 billion, a PE ratio of 12.62, a PEG ratio of 4.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. 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. As a group, equities research analysts expect that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal 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.