Santiago Subotovsky Sells 7,911 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the sale, the director directly owned 127,060 shares of the company’s stock, valued at approximately $12,874,989.80. This represents a 5.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $90.15, for a total transaction of $237,725.55.
• On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The stock was sold at an average price of $109.78, for a total value of $578,979.72.

Zoom Communications Stock Performance

Shares of ZM stock traded up $0.66 during trading hours on Thursday, reaching $101.30. The company had a trading volume of 2,015,939 shares, compared to its average volume of 4,219,261. The stock has a fifty day moving average of $92.52 and a 200-day moving average of $89.62. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 5.48 and a beta of 1.00. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. 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 forecast that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZM shares. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price objective on shares of Zoom Communications in a research report on Tuesday, June 30th. Benchmark boosted their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. BTIG Research increased their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Wells Fargo & Company raised their price target 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. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Institutional Trading of Zoom Communications

A number of hedge funds and other institutional investors have recently modified their holdings of ZM. Allianz Asset Management GmbH lifted its holdings in Zoom Communications by 15.6% during the 4th quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock worth $182,315,000 after buying an additional 285,626 shares in the last quarter. Sherry Group Inc. acquired a new position in shares of Zoom Communications in the fourth quarter worth $894,000. Hsbc Holdings PLC increased its position in shares of Zoom Communications by 43.6% during the fourth quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after acquiring an additional 128,174 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Zoom Communications during the fourth quarter worth $13,312,000. Finally, Geode Capital Management LLC raised its stake in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after acquiring an additional 152,862 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

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.