Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 2,637 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $96.63, for a total transaction of $254,813.31. Following the transaction, the director owned 124,423 shares of the company’s stock, valued at $12,022,994.49. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63.
• On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $90.15, for a total transaction of $237,725.55.

Zoom Communications Trading Down 0.7%

Shares of ZM stock opened at $95.46 on Friday. The stock has a market capitalization of $27.85 billion, a P/E ratio of 8.84, a PEG ratio of 4.45 and a beta of 1.04. The firm’s 50 day moving average is $96.67 and its 200 day moving average is $91.77. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $1.53 EPS. Zoom Communications’s revenue for the quarter 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. On average, equities analysts predict that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZM shares. BTIG Research reiterated a “buy” rating and set a $125.00 price objective on shares of Zoom Communications in a research note on Monday, August 24th. UBS Group raised their target price on Zoom Communications from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Benchmark lifted their target price on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a report on Wednesday, August 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Friday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and an average target price of $112.55.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ZM. Advocate Investing Services LLC purchased a new position in Zoom Communications during the fourth quarter worth about $26,000. Strive Financial Group LLC bought a new position in Zoom Communications in the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 acquiring an additional 200 shares in the last quarter. Rexford Capital Inc. raised its holdings in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Zoom Communications by 83.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

About Zoom Communications

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.