Zoom Communications, Inc. $ZM Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,735 shares of the company’s stock after selling 1,038 shares during the period. Transcend Capital Advisors LLC’s holdings in Zoom Communications were worth $2,007,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Zoom Communications by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock worth $1,829,249,000 after acquiring an additional 624,863 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Zoom Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock worth $473,732,000 after purchasing an additional 36,210 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock worth $166,651,000 after purchasing an additional 830,393 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Zoom Communications by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company’s stock worth $123,912,000 after purchasing an additional 16,819 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Zoom Communications by 119.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock worth $103,670,000 after acquiring an additional 765,092 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZM shares. Dbs Bank raised shares of Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. JMP Securities restated a “market perform” rating on shares of Zoom Communications in a research report on Thursday, September 18th. Morgan Stanley assumed coverage on Zoom Communications in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 target price for the company. KeyCorp cut their price objective on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a report on Friday, August 22nd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.74.

Zoom Communications Price Performance

NASDAQ ZM opened at $85.17 on Tuesday. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80. The stock’s 50-day moving average is $81.92 and its two-hundred day moving average is $78.47. The firm has a market cap of $25.77 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 11.50 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. 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, equities analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $2,784,392.00. Following the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 245,617 shares of company stock valued at $20,154,365 in the last ninety days. Company insiders own 10.78% of the company’s stock.

Zoom Communications 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.