Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 12,100 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $91.50, for a total value of $1,107,150.00. Following the completion of the transaction, the chief executive officer directly owned 45,997 shares in the company, valued at approximately $4,208,725.50. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Down 3.3%

Shares of ZM stock traded down $3.05 during trading hours on Thursday, reaching $88.79. 2,741,776 shares of the company’s stock were exchanged, compared to its average volume of 3,828,208. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74. The stock has a market capitalization of $25.91 billion, a P/E ratio of 8.22, a P/E/G ratio of 4.10 and a beta of 1.02. The business has a fifty day moving average price of $94.81 and a 200-day moving average price of $92.04.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $1.53 earnings per share. Zoom Communications’s quarterly revenue was up 4.9% on a year-over-year basis. 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. As a group, research analysts expect that Zoom Communications, Inc. will post 4.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ZM shares. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. UBS Group reduced their target price on shares of Zoom Communications from $115.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. BTIG Research reiterated a “buy” rating and issued a $125.00 target price on shares of Zoom Communications in a research note on Wednesday, October 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $104.00 target price on shares of Zoom Communications in a research report on Wednesday, October 21st. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Zoom Communications by 133.3% in the 2nd 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 in the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of Zoom Communications during the 3rd quarter worth about $43,000. Elevation Wealth Partners LLC boosted its position in shares of Zoom Communications by 133.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock valued at $43,000 after acquiring an additional 273 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of Zoom Communications by 400.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Zoom Communications by 100.4% during the 1st quarter. V Square Quantitative Management LLC now owns 505 shares of the company’s stock valued at $41,000 after acquiring an additional 253 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

About Zoom Communications

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company’s product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.