Ashton Thomas Private Wealth LLC Raises Position in Zoom Communications, Inc. $ZM

Ashton Thomas Private Wealth LLC raised its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 335.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 73,425 shares of the company’s stock after buying an additional 56,573 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Zoom Communications were worth $6,058,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new stake in Zoom Communications during the 2nd quarter worth about $27,000. REAP Financial Group LLC grew its position in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Zoom Communications during the second quarter valued at approximately $31,000. Root Financial Partners LLC purchased a new stake in shares of Zoom Communications during the third quarter worth $33,000. Finally, Quent Capital LLC acquired a new stake in shares of Zoom Communications in the 3rd quarter worth $34,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Velchamy Sankarlingam sold 7,568 shares of the business’s stock in a transaction 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 sale, the insider directly owned 136,182 shares of the company’s stock, valued at approximately $11,786,552.10. The trade was a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michelle Chang sold 8,417 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the transaction, the chief financial officer owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 253,992 shares of company stock worth $21,598,230. 11.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. UBS Group started coverage on shares of Zoom Communications in a research report on Monday, October 20th. They set a “neutral” rating and a $85.00 target price on the stock. Zacks Research upgraded shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Sanford C. Bernstein reiterated a “market perform” rating and set a $90.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Zoom Communications currently has an average rating of “Moderate Buy” and an average price target of $94.74.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $90.83 on Thursday. The company has a market cap of $26.89 billion, a P/E ratio of 17.67, a P/E/G ratio of 7.94 and a beta of 0.90. The stock’s 50-day moving average is $87.13 and its 200-day moving average is $82.64. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. 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. As a group, equities analysts predict that Zoom Communications, Inc. will post 2.93 EPS 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.