Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 73,378 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 73,378 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.15, for a total value of $6,321,514.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Zoom Communications Trading Down 0.3%

Shares of ZM stock opened at $83.57 on Thursday. The business’s 50 day moving average is $82.97 and its two-hundred day moving average is $79.13. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The company has a market capitalization of $25.28 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 11.44 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last posted 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business’s quarterly 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. As a group, equities analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Zoom Communications

A number of institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Zoom Communications by 18.5% in the 1st quarter. Principal Financial Group Inc. now owns 175,918 shares of the company’s stock worth $12,977,000 after purchasing an additional 27,430 shares during the last quarter. Brighton Jones LLC bought a new stake in Zoom Communications during the second quarter valued at $817,000. Circle Wealth Management LLC increased its stake in Zoom Communications by 201.6% during the first quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock valued at $1,504,000 after purchasing an additional 13,629 shares during the last quarter. New York State Teachers Retirement System increased its stake in Zoom Communications by 0.7% during the first quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock valued at $1,792,000 after purchasing an additional 171 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Zoom Communications by 2.4% during the second quarter. Nordea Investment Management AB now owns 864,519 shares of the company’s stock valued at $67,147,000 after purchasing an additional 20,642 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ZM. Wall Street Zen raised shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Robert W. Baird lowered their price objective on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of Zoom Communications in a research note on Friday, August 22nd. Finally, Dbs Bank upgraded Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Zoom Communications currently has an average 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.