Zoom Communications, Inc. $ZM Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 13.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,342,659 shares of the company’s stock after selling 352,534 shares during the quarter. Pacer Advisors Inc.’s holdings in Zoom Communications were worth $202,148,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Advocate Investing Services LLC acquired a new stake in Zoom Communications in the 4th quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new stake in Zoom Communications during the 4th quarter worth about $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Zoom Communications during the fourth quarter worth approximately $28,000. Sound Income Strategies LLC raised its holdings in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 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 currently owned by institutional investors and hedge funds.

Zoom Communications Trading Down 1.2%

Zoom Communications stock opened at $86.36 on Friday. The stock has a market cap of $25.32 billion, a PE ratio of 12.68, a P/E/G ratio of 4.85 and a beta of 1.01. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The stock has a 50-day moving average price of $96.58 and a 200 day moving average price of $88.91.

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

Insider Activity at Zoom Communications

In other news, CEO Eric S. Yuan sold 69,923 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the completion of the transaction, the chief executive officer owned 36,796 shares of the company’s stock, valued at $2,988,571.12. This represents a 65.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the transaction, the insider directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This trade represents a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 156,638 shares of company stock worth $13,900,194. Corporate insiders own 8.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZM shares. Citigroup increased their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. BTIG Research boosted their price target on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Sanford C. Bernstein dropped their price objective on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC boosted their target price on Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Piper Sandler increased their price target on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Zoom Communications presently has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Company Profile

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.