Versor Investments LP Sells 755 Shares of Zoom Communications, Inc. $ZM

Versor Investments LP lowered its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,345 shares of the company’s stock after selling 755 shares during the quarter. Versor Investments LP’s holdings in Zoom Communications were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital grew its stake in shares of Zoom Communications by 4.1% during the second quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock valued at $271,000 after purchasing an additional 137 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Zoom Communications by 6.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock valued at $172,000 after buying an additional 143 shares during the last quarter. New York State Teachers Retirement System boosted its position in Zoom Communications by 0.7% in the 1st quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock valued at $1,792,000 after buying an additional 171 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Zoom Communications by 44.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock valued at $43,000 after buying an additional 171 shares during the last quarter. Finally, Burns Matteson Capital Management LLC boosted its position in Zoom Communications by 3.1% in the 1st quarter. Burns Matteson Capital Management LLC now owns 5,801 shares of the company’s stock valued at $428,000 after buying an additional 177 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Zoom Communications stock opened at $83.83 on Wednesday. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80. The company’s 50 day simple moving average is $82.92 and its 200 day simple moving average is $79.10. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 11.77 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last announced 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). The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ZM shares. Dbs Bank upgraded Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Zoom Communications in a research note on Friday, August 22nd. Morgan Stanley initiated coverage on shares of Zoom Communications in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 price objective on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.74.

Insider Buying and Selling

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the sale, the insider owned 132,795 shares in the company, valued at approximately $10,889,190. The trade was a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michelle Chang sold 33,956 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $2,784,392.00. Following the completion of the sale, the chief financial officer owned 20,539 shares in the company, valued at $1,684,198. The trade was a 62.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 245,617 shares of company stock valued at $20,154,365. Corporate insiders own 10.78% of the company’s stock.

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.