Tidal Investments LLC Increases Position in Zoom Communications, Inc. $ZM

Tidal Investments LLC grew its position in Zoom Communications, Inc. (NASDAQ:ZM) by 251.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,450 shares of the company’s stock after purchasing an additional 88,303 shares during the quarter. Tidal Investments LLC’s holdings in Zoom Communications were worth $10,655,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ZM. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications during the fourth quarter worth $26,000. Strive Financial Group LLC purchased a new position in Zoom Communications in the fourth quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Rexford Capital Inc. raised its stake in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after buying an additional 122 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Zoom Communications by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 2,590 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $95.81, for a total transaction of $248,147.90. Following the transaction, the insider directly owned 149,265 shares in the company, valued at approximately $14,301,079.65. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $96.63, for a total transaction of $254,813.31. Following the completion of the transaction, the director directly owned 124,423 shares in the company, valued at $12,022,994.49. The trade was a 2.08% 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 a total of 56,108 shares of company stock worth $5,381,876 in the last three months. Corporate insiders own 8.83% of the company’s stock.

Zoom Communications Price Performance

NASDAQ ZM opened at $95.57 on Friday. The company has a fifty day moving average of $96.84 and a two-hundred day moving average of $91.80. The company has a market capitalization of $27.89 billion, a PE ratio of 8.85, a P/E/G ratio of 4.42 and a beta of 1.04. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. 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. On average, research analysts expect that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on Zoom Communications from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Jefferies Financial Group lowered their price target on Zoom Communications from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a report on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 27th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.55.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.