Eric Yuan Sells 33,692 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 33,692 shares of Zoom Communications stock in a transaction on Monday, October 13th. The shares were sold at an average price of $79.76, for a total transaction of $2,687,273.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zoom Communications Stock Up 0.4%

Shares of ZM opened at $79.83 on Friday. The firm has a market cap of $24.15 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 10.85 and a beta of 0.78. The company’s fifty day moving average is $80.37 and its two-hundred day moving average is $77.77. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80.

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 analyst estimates of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $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, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Institutional Investors Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently modified their holdings of ZM. Wayfinding Financial LLC bought a new stake in shares of Zoom Communications in the 1st quarter worth about $25,000. SouthState Corp acquired a new position in shares of Zoom Communications in the 1st quarter valued at about $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Zoom Communications in the 2nd quarter valued at about $27,000. REAP Financial Group LLC boosted its holdings in shares of Zoom Communications by 181.7% in the 2nd 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 period. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of Zoom Communications in the 1st quarter valued at about $31,000. Institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of Zoom Communications in a report on Friday, August 22nd. KeyCorp cut their target price on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research note on Friday, August 22nd. Wall Street Zen raised shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 28th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Two research 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.74.

Zoom Communications Company 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.