Blue Trust Inc. Reduces Position in Zoom Communications, Inc. $ZM

Blue Trust Inc. lessened its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 19.1% in the second quarter, HoldingsChannel.com reports. The firm owned 857 shares of the company’s stock after selling 202 shares during the quarter. Blue Trust Inc.’s holdings in Zoom Communications were worth $67,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ZM. Wayfinding Financial LLC purchased a new stake in shares of Zoom Communications during the first quarter valued at approximately $25,000. SouthState Corp purchased a new stake in shares of Zoom Communications during the first quarter valued at approximately $25,000. REAP Financial Group LLC boosted its stake 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 purchasing an additional 229 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in shares of Zoom Communications during the first quarter valued at approximately $31,000. Finally, Brooklyn Investment Group boosted its stake in shares of Zoom Communications by 277.8% during the first quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock valued at $33,000 after purchasing an additional 325 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 0.2%

ZM opened at $80.01 on Friday. The stock has a fifty day simple moving average of $80.54 and a two-hundred day simple moving average of $77.81. The company has a market cap of $24.21 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 10.89 and a beta of 0.78. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $92.80.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share 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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. Zoom Communications’s revenue 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, analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Activity

In other news, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the completion of the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at $1,684,198. This trade represents a 62.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herbert Raymond Mcmaster sold 2,000 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $83.00, for a total value of $166,000.00. Following the transaction, the director owned 7,901 shares of the company’s stock, valued at $655,783. The trade was a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,328 shares of company stock valued at $7,170,074. 11.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Zoom Communications in a research note on Tuesday. Piper Sandler reissued a “neutral” rating and set a $85.00 price objective on shares of Zoom Communications in a research note on Friday, August 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Benchmark raised their price target on Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zoom Communications currently has a consensus rating of “Hold” and a consensus price target of $91.74.

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.