Cerity Partners LLC Buys 472,690 Shares of Zoom Communications, Inc. $ZM

Cerity Partners LLC lifted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 204.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 704,183 shares of the company’s stock after acquiring an additional 472,690 shares during the period. Cerity Partners LLC’s holdings in Zoom Communications were worth $60,764,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. 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. Root Financial Partners LLC boosted its stake 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 worth $47,000 after acquiring an additional 136 shares in the last quarter. MAI Capital Management boosted its stake in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares in the last quarter. Prudential PLC boosted its stake in shares of Zoom Communications by 5.7% during the 4th quarter. Prudential PLC now owns 3,040 shares of the company’s stock worth $262,000 after acquiring an additional 164 shares in the last quarter. Finally, Harrington Investments INC boosted its stake in shares of Zoom Communications by 1.1% during the 4th quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock worth $1,396,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Transactions at Zoom Communications

In other news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was 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 of the company’s stock, valued at approximately $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 90 days, insiders have sold 156,638 shares of company stock worth $13,900,194. 10.78% of the stock is currently owned by company insiders.

Zoom Communications Stock Down 4.3%

Zoom Communications stock opened at $96.83 on Wednesday. The business has a 50 day moving average price of $95.20 and a two-hundred day moving average price of $88.46. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 5.61 and a beta of 1.01. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. 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. On average, analysts expect that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZM has been the subject of several research analyst reports. Mizuho boosted their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. HSBC boosted their price objective on Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Argus raised Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group boosted their price objective on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

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.