Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells $199,930.50 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the completion of the sale, the director owned 152,644 shares of the company’s stock, valued at $12,330,582.32. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, September 5th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $83.40, for a total transaction of $206,415.00.
• On Tuesday, August 26th, Santiago Subotovsky sold 2,475 shares of Zoom Communications stock. The shares were sold at an average price of $79.65, for a total transaction of $197,133.75.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $80.28 on Friday. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80. The firm has a market cap of $24.29 billion, a P/E ratio of 21.18, a P/E/G ratio of 11.31 and a beta of 0.78. The firm has a 50-day simple moving average of $79.79 and a 200-day simple moving average of $77.67.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of analyst reports. Benchmark lifted their price target on Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 18th. JMP Securities restated a “market perform” rating on shares of Zoom Communications in a report on Thursday, September 18th. Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of Zoom Communications in a report on Friday, August 22nd. Finally, Robert W. Baird lowered their price target on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.74.

Hedge Funds Weigh In On Zoom Communications

Hedge funds have recently modified their holdings of the stock. SouthState Corp acquired a new position in shares of Zoom Communications during the first quarter valued at about $25,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Zoom Communications during the second quarter valued at $27,000. Wayfinding Financial LLC purchased a new stake in shares of Zoom Communications during the first quarter valued at $25,000. REAP Financial Group LLC grew its holdings in shares of Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after buying an additional 229 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Zoom Communications during the second quarter valued at $31,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Zoom Communications

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.