Proficio Capital Partners LLC Makes New $492,000 Investment in Zoom Communications, Inc. $ZM

Proficio Capital Partners LLC purchased a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,697 shares of the company’s stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZM. Kestra Advisory Services LLC lifted its stake in shares of Zoom Communications by 2.0% in the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after purchasing an additional 116 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in Zoom Communications by 1.6% during the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock valued at $592,000 after buying an additional 119 shares in the last quarter. Rexford Capital Inc. lifted its position in shares of Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after buying an additional 122 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ZM shares. Piper Sandler upped their target price on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of Zoom Communications in a research note on Wednesday, August 26th. Wells Fargo & Company upped their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 27th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.55.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 7,911 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total value of $801,621.63. Following the completion of the sale, the director owned 127,060 shares in the company, valued at approximately $12,874,989.80. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $100.17, for a total value of $1,212,057.00. Following the sale, the chief executive officer directly owned 22,998 shares in the company, valued at approximately $2,303,709.66. This trade represents a 34.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 38,781 shares of company stock valued at $3,725,300 in the last 90 days. 8.83% of the stock is owned by company insiders.

Zoom Communications Stock Up 1.0%

Shares of NASDAQ ZM opened at $95.86 on Thursday. The business’s 50 day moving average is $95.28 and its two-hundred day moving average is $91.47. The company has a market cap of $28.11 billion, a P/E ratio of 8.88, a P/E/G ratio of 4.39 and a beta of 1.04. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Sell-side analysts expect that Zoom Communications, Inc. will post 4.26 earnings per share for the current fiscal 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.