Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells 47,369 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 47,369 shares of Zoom Communications stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $83.65, for a total value of $3,962,416.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zoom Communications Trading Down 1.5%

Shares of Zoom Communications stock traded down $1.24 during mid-day trading on Thursday, reaching $81.52. 2,352,579 shares of the stock were exchanged, compared to its average volume of 2,088,469. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $91.43. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 7.43 and a beta of 0.87. The firm has a 50-day simple moving average of $85.43 and a 200 day simple moving average of $81.40.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Zoom Communications

Hedge funds and other institutional investors have recently made changes to their positions in the company. Candriam S.C.A. raised its position in shares of Zoom Communications by 49.4% during the second quarter. Candriam S.C.A. now owns 16,560 shares of the company’s stock worth $1,291,000 after acquiring an additional 5,477 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in Zoom Communications during the 2nd quarter valued at approximately $1,248,000. Shelton Capital Management increased its position in Zoom Communications by 519.3% during the 2nd quarter. Shelton Capital Management now owns 215,500 shares of the company’s stock valued at $16,805,000 after purchasing an additional 180,700 shares during the period. Brighton Jones LLC acquired a new position in shares of Zoom Communications in the 2nd quarter worth approximately $817,000. Finally, Norges Bank bought a new stake in shares of Zoom Communications in the 2nd quarter valued at $539,998,000. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Citigroup upgraded Zoom Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $106.00 in a research report on Monday. Jefferies Financial Group boosted their price objective on Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Wells Fargo & Company assumed coverage on Zoom Communications in a report on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zoom Communications currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.82.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.