Retirement Systems of Alabama Reduces Stock Position in Zoom Communications, Inc. $ZM

Retirement Systems of Alabama lowered its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 704,563 shares of the company’s stock after selling 12,510 shares during the period. Retirement Systems of Alabama owned 0.23% of Zoom Communications worth $54,942,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Zoom Communications by 18.5% in the first quarter. Principal Financial Group Inc. now owns 175,918 shares of the company’s stock worth $12,977,000 after buying an additional 27,430 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Zoom Communications by 15.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,928 shares of the company’s stock worth $880,000 after buying an additional 1,601 shares in the last quarter. Circle Wealth Management LLC raised its position in shares of Zoom Communications by 201.6% in the first quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock worth $1,504,000 after buying an additional 13,629 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Zoom Communications by 0.7% in the first quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock worth $1,792,000 after buying an additional 171 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Zoom Communications in the second quarter worth $817,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity

In other news, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $157,785.06. This trade represents a 84.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $628,120.00. Following the transaction, the insider directly owned 132,795 shares in the company, valued at $10,889,190. This trade represents a 5.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 245,617 shares of company stock valued at $20,154,365. Company insiders own 11.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZM shares. Citigroup increased their price objective on Zoom Communications from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Benchmark increased their price objective on Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. UBS Group started coverage on Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $91.74.

Zoom Communications Stock Down 1.8%

NASDAQ ZM opened at $83.32 on Thursday. The stock’s 50-day simple moving average is $82.40 and its two-hundred day simple moving average is $78.66. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 11.58 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, equities analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.